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Why Hertz Calls On A Early Thursday Afternoon Don't Work

First the chart. On paper it looks like this chart could rebound. Here is one series of it's "in-the-money" Calls. Here are three reasons why this situation is to dangerous to play. 1) There is a Avis Budget Group Inc. implosion happening today. A really big one. Read my previous blog. That's not directly related to this company but it makes the sector a bad space to be in. 2) The "bid-and-ask" spread is to far apart which helps to give the market makers some extra insurance. That plus the volume of trading is very light which also seems to give the house an advantage. Look Walmart.The spread is about the same but you can split the middle without affecting the "bids-and-asks" and the volumes are so much better. I like trading in that kind of space better. 3) Hertz is not the kind of company which comes out with daily or weekly updates. Contrast this to the stock Ford which seems to have good and bad news coming out every other day. With Ford so...
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A Continuation Of The Theme Of Playing One Day Options On Super Expensive Stocks And Tesla

Put options on Costco with two days to go in their trading life were scrutitized in my last blog. This blog on Netflix will be quick and eye opening. Here is it's chart yesterday which was a Friday.
At 9:31 a.m. Costco was trading at $1,265 up from the Thursday close of $1,257. That's an $8.00 jump. Now look at these two printouts.
The "out-of-the-money" Puts! Any ticket purchased on a "one-day" slightly "out-of-money" Put just after the opening bell on Friday paid off in spades. So few traders are catching this action. One final Friday development. Imagine owning "out-of-the-money" one day Calls on Tesla yesterday. Twelve dollar one day moves on Fridays create magic for one day option traders.
Tesla option trading over the past five years has attracted the masses.

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