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A "Get Ready For Monday Morning" Blog . "Avis-Budget" Symbol "CAR"

There is always news. War news. News on gas prices and news that Costco is trying to sue the government over tariff monies. Two weeks ago I mentioned a situation with Super Micro Computer. That stock really got beat up when a company officer was arrested. Now that news is slowly being shrugged off. Now this, the car leasing company Avis has a story. To better help explain what is happening let's look at it's five day chart. . What's going on? Articles are appearing saying that stocks in this sector are being boosted by TSA Airport chaos. Yet there has to be more news than that. Look at it's latest five day chart. Now here is how the 170 series of Calls last Friday closed out the day. On that day the stock closed up $20.35 dollars! Other stocks in the same sector remained calm. The stock is now in nose bleeding territories. Obviously options on this stock will be hot potatoes this week. Here are two "near-to-the-money" series of this weeks options to look...
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Spacs

Are a new animal and sometimes go dormant until something happens. If your a fan of "Caterpillar","Ford" or "Boeing" options you're not really looking in that space. Sometimes it nice to have a list of "outside the box" companies" to watch. Here is one of those list and here is my experience with one of those such companies. Well, not the exact list but one similar to it.
- this one with the symbol "APXT' I played it yesterday and today.
In at noon yesterday, ten contracts at .35 each and out the next morning June 3th 2021 at 7:14 a.m. at .95 each. I kind of saw it go up after I bought so yes I did put in a sell ticket early in the morning at a price I was thinking it would hit. What happened was kind of interesting. Call it a perfect storm as the company came out with a news report. Option traders know that one dollar increase on ten dollar stocks can do wonders, even if we are talking about regular stocks and not spacs. A couple of footnotes.
Shown above is the days trading on the stock. The options opened at .40 cents and went as high as $1.25. What I find amazing is my fill in the pre-market when the options opened so much lower. I didn't check to see if I got a fill on the opening which was a mistake on my part, because if I knew I was filled at .95 and I the options were back in the .45 cent range I would have purchased more of them.

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