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A "Get Ready For Monday Morning" Blog . "Avis-Budget" Symbol "CAR"

There is always news. War news. News on gas prices and news that Costco is trying to sue the government over tariff monies. Two weeks ago I mentioned a situation with Super Micro Computer. That stock really got beat up when a company officer was arrested. Now that news is slowly being shrugged off. Now this, the car leasing company Avis has a story. To better help explain what is happening let's look at it's five day chart.
. What's going on? Articles are appearing saying that stocks in this sector are being boosted by TSA Airport chaos. Yet there has to more news than that. Look at it's latest five day chart.
Now here is how the 170 series of Calls last Friday closed out the day. On that day the stock closed up $20.35 dollars! Other stocks in the same sector remained calm.
The stock is now in nose bleeding territories.
Obviously options on this stock will be hot potatoes this week. Here are two "near-to-the-money" series of this weeks options to look at. Priced into the equation is five days of trading life.
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How do we play these options moving forward? It's best at this point in time just to wait until tomorrow afternoon to see if you agree with which way the pedulum is swinging. It went up so fast. Could it fall just as quickly? If you miss trying to play this situation I wouldn't lose any sleep over it. At this point in time it just to much of a gamble. To be continued.

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