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The Sliding Door Syndrome - Hertz

 Open the door and guess what might happen? Who knows which way the winds will be blowing. The used auto car market got dumped on last week in the U.S, especially on tariffs new.  Trump said he might raise the tariffs on cars to more than 25%. It's a fickled  market. Here are a few of the sell offs. 1) Carvana Company. It sold off over $21.00 dollars on the day last Friday. They have a reputation for having share manipulations with a long history of  insider "buying-and selling-activities". They have a short interest of 5.3% . It didn't help much that the DJIA was down over 700 points on Friday. 2} Carmax also sold off on the week. They have an earnings report coming out and that could cause the stock to drop but maybe not. It could actually rally. Here is it's one week chart and a conference call dial in number. Listen to it if you like. I might be. Now here is a look at the 65 series of Calls on this stock that expire this coming Friday.  On Friday morning at ...
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Last Day Options Can Suprise. First Solar

Look at this chart (July 28th ). It's the early morning action on First Solar after an earning report.
Now look at this chart. It's a five day chart of the same thing.
The earnings were good but the stock spiked up and came down again. What was the news to cause it to drop? I looked around and couldn't find anything and the D.J.I. was have a good day. What to do? One day Call options are so dangerous and I was completely out of the loop as to why the stock was trading this way. Why the downward pressure? Here is what I did.
In and out in less that ten minutes for a $90.00 gain. Had I waited until noon and sold out then I would have lost over half my money. Now here is how it closed out the day.
Now a look at it's one day chart.
Why am I showing this? Well look at where the stock was trading at noon. The rules say that if your trading a last day option you have until 3:00 p.m. to get out and not 4:p.m.when the market closes. Who wants to fork out money to try and catch a three hour ride when most traders are off to the beach? Now look at this. This series of Calls closed at $8.10.
Sure it's easy to make calls like this but there was no talk of why the stock sold off after it popped on the opening.I got out at 10:45 a.m. and at noon it was trading lower. It was at that time a stock without direction and one to dangerous to buy back into if your time horizon was only three hours. This entire experience was strange. *** The low of the day in this series of Calls happened at 12:02 p.m. That coincides with when many short term option players call it a day after trading all week.
** Joe Biden was busy all week touting solar and wind power.

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