STLA Jan 2025 25.000 put
| Previous close | 6.70 |
| Open | 7.00 |
| Bid | 7.10 |
| Ask | 8.70 |
| Strike | 25.00 |
| Expiry date | 2025-01-17 |
| Day's range | 6.70 - 7.00 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.41k |
- Yahoo Finance Video
UAW strike 'ripple effects' could see more plants in Canada, Mexico
The United Auto Workers (UAW) strike enters into its third week of picketing against Big Three automakers Ford (F), General Motors (GM), and Stellantis (STLA). While union representatives are seeing progress in labor negotiations with Stellantis, the UAW has extended its picket lines to additional Ford and GM facilities. Is this strike already beginning to weigh on the auto industry? CFRA VP & Equity Analyst Garret Nelson lays out which of the Big Three are the most vulnerable and the long-term ripple effects on auto production in the case of a prolonged strike. "Our ratings right now, we have a strong sell on GM and that's because we think they're in the most precarious position of the Detroit Three," Nelson states. "Heading into the strike, they had far fewer inventories at the dealerships, if you look across their major four auto brands." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
BloombergFord CEO Rails at UAW as His Plant, GM Are Hit With More Strikes
(Bloomberg) -- Ford Motor Co. Chief Executive Officer Jim Farley accused the United Auto Workers of holding talks hostage over issues not governed by their contract, as tensions rose between the union and two of Detroit’s biggest carmakers. Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerS
- Yahoo Finance Video
Two reasons why this UAW strike could be 'tougher' to resolve: Fmr. car czar Steven Rattner
Autoworkers have expanded their strikes against General Motors (GM) and Ford (F). The strike against Stellantis (STLA) continues, but it was not expanded because progress has been made in negotiations. Willett Advisors Chairman and CEO Steve Rattner, who also served as the head of former President Obama's Auto Task Force, says this strike may be "tougher" to resolve than others that have been seen in the past. Rattner gave two reasons why: that it's being played out in public and that the UAW has some demands that are "not possible for the companies to comply with." Some of those demands that may be hard for the automakers to deliver, Rattner says, are working 32 hours/week but being paid for 40 hours, the return of defined benefit pension plans, and improving retiree health care benefits. Both President Joe Biden and former President Donald Trump visited the Detroit area this week. Rattner says those visits hurt the ability to get a deal done, saying it "enflames" the situation." Rattner argues that Biden was "egged on" by Trump to visit the striking workers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
