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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 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 Ford so...
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An Introduction

My name is Peter and about 45 years ago I did a short gig as a “Merrill Lynch” in Canada. I still live in Canada. Prior to my gig at "Merril" which lasted about two years I worked for another then well known Canadian brokerage firm that had a fancy office on the 55th floor of a downtown Toronto office building. They occupied the entire floor. In essence they were a "boiler room" operation (which dated back to the 1930's) which focused on penny mining stocks. My were major players in that space. My style of trading not fit in well. I was to busy watching and trading Exxon options and also watching the back office skim money off my more profitable trades. Stroke off one fill price and ink in another. Well they didn't skim it off at the Toronto back office that I know of however they did at another office in another town I asked to be transferred to. The lady on the desks accepting the trades would run off to the managers office before reporting to me the final ticket price. Things were different back then. I now work in an unrelated profession and oddly enough still have the designation of being a broker. I still have a passion for option trading. I like Fridays for trading "one-day" options. Six of my favourite stocks to now trade options on are Caterpillar, Ford, Exxon, Deere, Tesla and Boeing. I also watch and speculate other stocks in the five and ten dollar range that have options on them. There are times when I will take a week off from watching the market, knowing full well that I will be not be handicapped when I return to the action. In fact I return with fresh eyes. I read Barron's on the weekend. I need to be on a routine to play options and I don't trade with other people's money. Donald Trump has in some ways helped to make option trading easier. He says things which make the markets move. Let me now share with you what I am watching in the option markets. Some blogs are better than others. Some blogs get deleted with time. Tesla is the stock I have the most luck trading. I don't see that changing. Cheers.

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