GM puts heat up as investors take defensive stance


By Doris Frankel CHICAGO, March 31 (Reuters) - Many U.S. options investors, anxious about the longer-term prospects of General Motors Corp. , continue to buy insurance to protect against a possible big drop in the automaker's stock, market watchers said. Put volume in GM across the six U.S. option exchanges swelled on Friday after former GM parts unit Delphi Corp. moved to void its U.S. labor contracts, earning a caustic warning from the United Auto Workers that a long strike could not ...

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