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Walmart - Trying To Outsmart The System

I don't know if it is going to work. Buying a Call and an offsetting Put on the same stock with the same striking price with two days of trading life left in them. The logic is to sell one of the two if it gets a double or more, (hang on as long as you can), and earn a free ride in an offsetting change of direction. Look at this five day chart and you might see how this train of thought developed. Now a look at one Call series and one Put series. These options both have two full days of trading life left in them. Here is it's five day chart which looks like it might break out. It really takes a share price move of over $2.00 quickly, to make this a fun experience. Options priced in the $1.00 range can suprise. It also could be a total bust. Let's follow this action and see how it all plays out.Thursday morning. Here is the early morning action. The Puts really performed. Can you sell out of both postions and take a profit. Hold that thought. Might it go lower? Here is ...
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Monday Morning And 1,000 Contracts Traded On Hertz

I am fishing looking at todays action. Thirty seconds ago the volumes of trading in this series was reported as 4. Now it's 1,004. One thousand contracts could have happened in one ticket. I was watchinng it just before it happened.
$5.00 options can suprise. Here is how they closed the day, up 540%.
So why am I blogging about this event? Well, in a recent past blog the same type of event happened. Check my November 8th blog. Look at the chart that I pulled up from that blog.
When a stock jumps in one day from $5.00 to well over $6.50 and settles back again to $5.00 you know that history could repeat itself. Today was that day. One month from now we could be looking at this same event unfolding again.
Whenever Hertz drops down to $5.00 can you purchase short term option on it looking for one of these situations? Not really. Hertz options are best left for insiders to play.

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