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Step Down Charts And Short Term Options. Nio

Here is a classic "step-down-chart" with one minute of daytime trading life left in them before the markets close at 4:00 p.m.. The stock is Nio. ... This printout of "in-the-money" Call option also shows one minute of trading life in them before the market closes. It's Tuesday and these Calls expire this coming Friday. You are purchasing three days of market trading life. To purchase one thousand shares of this stock would cost you $5,750.00. To purchase options that control the price movement of one thousad shares of this stock for three trading sessions would cost you $370.00. ( Ten contracts at $.37 each). These Calls are also currently $250.00 "in-the-money" which means if the stock totally goes flat for the next three days your options will still have that amount of intrinsic value left in them. Now think about this. Many option accounts in the U.S. enjoy free option trading and there are discount brokers in Canada who can save you money. A fl...
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Car Puts. Not Catputs

Avis runs with the stock symbol "Car". Here was its chart today.
We are starting to see more charts like this. Here is one reason why it fell.
Here are how other companies I watch in this same space traded on the day.
Now these two five day charts.
...........
Is the sky falling or is this just a bump in the road for Avis?
It's to early to tell. If the job market says healthy then this is just a little bump in the road and G.M. is forcasting record breaking profits for the next two quarters. Now a five year chart on Hertz.
Maybe these three month out, "in-the-money" Call options would be an interesting play.
It would be a bet on the used car industry surviving the rest of the summer and slightly beyond. Could the stock go back to where it was trading thirty days ago? People still need cars to go to work. Yet what again do I know? **** A next day look at the stock Carvana.
Yes used cars are still expensive.

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