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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 at 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 Fo...
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Boeing - If It Doesn't Go Your Way Just Get Out.

This could be an exciting opportunity.
......
Now its one day chart.
Ay 2:49 p.m.with the DJIA average up strongly the stock is still struggling.
This could be another one of those cases where it is a good time to get out (see our Exxon blog today) for the same advise. Wednesdays can be turn around days for "one-week" or in this case "three-day" options but if things are slow in happening it's just best to bail and never look back. It's called day trading.
Once again, this take your profit decision applies to last "week-Wednesday-short-term-option" playing. Wednesday going into Thursday are a tricky space to be in with overnight options. This "take your profit approach" doesn't necessary apply to other days. ** Here is how Boeing traded the next day.
It wasn't a walk in the park for these options. ****** Let's move forward. If you had the guts to purchase these 200 series of Calls on Thursday would would have got a reward on Friday.
That's Boeing.

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