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.