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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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Boeing. An Interesting Chart Formation To Start The Week

 For lack of better words it look perky. The stock has had a nice run as of late with good news on a number of operating fronts. In the past I have written about buying calls on Boeing for morning pops on Monday mornings. He is it's five day chart.

Now here is how this weeks series of $207.50 Calls for this week closed on Friday. This series of Calls is very close in price to where the stock closed at on Friday. It will be the series of Calls which will benefit the most if the stock decides to move up in price. They closed at $2.95 per contract. That means one contract will cost you $295.00 U.S. plus a $10.00 commission give or take a dollar or two depending on who you trade with. Last week Boeing was up $4.96.  
In the pre-markets this morning the stock is up nicely  trading at bid $210.39 ask $210.50
Now at 9:35 .a.m. readout, which is five minute into the opening markets. 
The same 207.50 Call options are now trading at $5.10. So last week Boeing was up $4.96 on the entire week and now it's up $3.47 in only five minutes.  Get out, say thank you and go do something else. Here is what happens if you sit around for another forty two  minutes. 

It's now trading at $4.20.  It lost some steam. My thoughts in situations like this are just take your money and run. Now here is how it closed the day.
It's five day chart now looks different.

It could now see some resistance on the opening.
** I just updated  my May 28th  blog on "Unusual Machines". It popped a bit. **

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