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Avis Budget and A Short Squeeze Plus Hertz Getting Dragged Into The Action

Hertz Global is on a terror. . Stocks in the $5.00 range sometimes do that. Yet really it's the Avis Budget short squeeze that is causing this stir. Look at how it jumped just over $105.00 dollars today. How often do you see a chart like this? It's a short squeeze and the stock is trading on high daily volumes. At one point this morning (a Tuesday) there was a "stop trading" on it. Trading options on it defies logic as they are so expensive. Look at this one example. These are the 700 series of Calls and the stock is only trading at 11:17 a.m. at $665.00. In other words they are $35.000 "out-of-the-money". Look at how crazy expensive they are. The stock would have to jump $105.00 or one hundred and five dollars by the end of the week just to break even! Who would be crazy enough to make such a bet? Day traders would be because they are banking on the effects caused by the stocks interday momentum. Let me explain this better by showing you an end of day re...
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Tesla Eleven Dollars Out-Of-The-Money Calls On A Tuesday Morning

Here they are.
Now here is it's five day chart.
Why $11.00 "out-of-the-money" and not closer to being "near-the-money" Calls? Well the price. These one's are somewhat affordable. Now a second look at them ninety minutes later.
Would this be a good time to get out and look for something else? Now this, five minutes later. It's kind of like playing the wheel of fortune.
Now this nine minutes later again. The pace of acceleration is slowing down.
Selling out on something that is going up. It's never a mistake to take a short term profit. I would say yes and exit this position even if I made the wrong decision I wouldn't lose any sleep over it. I will check back in on it later. Tuesday morning option trading on this weeks options are free of the worries over time values. **** A 2:12 p.m. update.
......
Getting the direction correct for most of the day is all that matters. Here is how these options closed the day.
Look at Tesla's final one day chart.

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