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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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Polestar Tumbles After A Reverse Stock Split.

Here is this mornings chart.
There is a bit of a technical glitch in the Calls and the Puts with no open interest numbers and impossible bid and ask numbers.
When you look out further to January options you will see that the situation remains the same.
When you see a chart like this it's best just to stay away. I will do an update later when the interest in these options get sorted out. The company continues to lose money. Polestar later in the day. This was a 1-for-30 reverse stock split.
Polestar continued to drop on the following day.
** Now a December 28th update.
They continue to advertise heavily on football gaames. Have they learned anything from their past mistakes? How did they turn things around?

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