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Tesla - Intraday Trading. It's Not Usually Like This.

Last Friday's blog covered the same topic. Here we are on Tuesday after Monday being a holiday. Tesla down $12.58. We are looking at Call options five dollars "out-of-te-money" with 3.5 days of trading life in them. ... Now this. A bit of a pop after lunch. Now here is how the stock traded on the day. Can you see how the exit point at 2:10 p.m. was a tad premature. Yet look at how smooth a ride it was. What did these Call options ended up trading for at the end of the day? Well it doesn't really matter. This was a roller coaster ride. My last blog about playing Tesla showed the vary same thing happening. Yes you can play these options if you time it right. Timing is everything.
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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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