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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 9:00 a.m. their earnings report comes out. These options will be interesting to watch all week. The volume in them is somewhat insignificant. The entire sector is difficult to play.
3) Avis was off on the week also.
  Might it be that all of these companies in this space are a touch oversold?
4) Remember how I sometimes talk about options on stocks that trade in the five and ten dollar range? Look at these Call options that trade for $.20 cents (or $20.00 a contract) that expire at the end of this week. This time the company is Hertz.

These are $.20 cent options ($20.00) a contract that could go  $.30 cents a contract in the blink of an eye. All that would take is the stock to rebound $20 cents tomorrow. Let's stay on top of all of these situations  this week.

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