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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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A Follow Up On The Costco Blog on Friday.

It's late Monday morning and the markets are flat to slightly down.
In our last blog on Friday we talked about trading Costco options and showed how it surged in price on Thursday and Friday. This morning there was a pause and these "at-money" one week out Puts had a nice short term bounce until Costco decided to go back up again. Here is it's morning dip.
Now here is how the Puts that expire this Friday reacted.
What's missing is the price these Puts closed at on Friday before the weekend. They closed at $10.51. Then in this mornings dip they hit a high of $17.50. Not a bad return for a short term option trade. Monday mornings are sometimes devoid of market chatter and times when stocks stall out or take a pause. Playing options on stocks in the $1,000 range throws different tricks at you.**** A look at it's one day trading activity.
Once the stock started charging up there was no looking back. Many daytraders do not like holding options overnight with the exception of holding options over a weekend. For interest only, look at how the 1025.00 Puts closed the day.

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