The following video is part of a special series in which Motley Fool analyst Austin Smith and "Options Whiz" Nick Crow discuss how to make 2012 the year YOU master the market.

In today's edition, Austin and Nick look at how to profit creatively on GM. Austin likes GM and thinks it is very cheap right now, but is concerned that the cyclicality of the auto business could push GM lower in the short term. Nick outlines a creative way to use options to capture all of the upside on GM, mitigate risk, and still realize a large return. If the strategy Jeff discusses seems interesting to you, be sure to check out the Options Whiz free learning material we're publishing for Options month here at The Motley Fool.

Nick Crow owns no shares of the companies listed above. Austin Smith owns no shares of the companies listed above, preferring instead to invest in Beanie Babies. The Motley Fool owns shares of Ford Motor. Motley Fool newsletter services have recommended buying shares of General Motors and Ford Motor. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.