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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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Ford Calls on a Friday when the DJAI jumps over 500 Points on the Day

First, back on May 14th I posted a blog entitled Ford Puts - Sometimes They Will Suprise. This blog is the reserverse of that action. First it's Friday May 31st and here is how the DJIA closed the day.
The stock Ford had a good day. Here is it's one day chart.
Let's now look at the 11.5 series of Calls that expired today.
Now let's look at the 12 series of Calls, that's where the real action was.
It's difficult to see the last little colored chart but basically the twelve series of options got off to a slow morning start and then picked up steam as the markets rallied in the afternoon. $100.00 Call options in would have returned $1,500. I have talked about Ford options before and the concept of playing these penny like short term options. It's a game that has being going on for years. If all of this is to rich for your blood the next week options also had impressive afteroon gains. It's not every Friday the D.J.A.I jumps over 500 points. That's what it takes to make this kind of action happen. It's not rocket scientist stuff.
* Ford traded down three cents on the week.

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