Avis Budget. A New Turn In The Road
I blogged about this one the day before. Here is todays action at 11:a.m.. The stock took a massive hit. Is the short squeeze unwinding? Let's move onto Thursday morning. That's a drop of over 400 dollars in two trading sessions. Now a look at these two series of Puts at 11:00 A.M. on Thursday morning. Look at the volume of trading in the second series shown. ... So many questions can now be asked? Is this a "catching a falling knife syndrome? Is this stock going back down to the $100.00 like it was trading at last month? Might it now catch a slight rebound? If you just made in the last two days like $50,000 playing the Puts starting with $5,000 would you now risk like $5,000 again and throw it back into tomorrow's expiring $255.00 Calls? Thousands of traders are now glued to their chairs watching this unprecedented action. Might you buy next week's out 255 Call series? To help better put this into perspective here is it's one year chart. Thursdays at n...
