Why This Trade Might Surprise You, And How Not To Miss The Next One
By: Steve Smith
Sometimes the market even surprises me. But as I always say, we don’t trade what we think – we trade what the charts tell us.
Here is the alert I sent out at about 1pm Eastern, make sure you don’t miss the nest great trade by grabbing your trial subscription to Options360!
I can’t share the exact trade here for two reasons…
- It’s unfair to my subscribers who pay monthly for these exact type of alerts, and…
- I wont be managing the trade for you, which creates liability that my publisher justifiably doesn’t want us to take on.
Understandable, I hope.
As for our most recent trade…
Hertz (HTZ) is a rental car company. It suffered mightily from mismanagement for years (Carl Icahn was a large activist investor) before the pandemic sent it into bankruptcy.
Shockingly, it then became a Reddit meme name and managed to deliver $8 per share fresh out of bankruptcy.
Anyway, as both leisure and now business have returned to travel the HTZ has returned to profitability.
I also have to believe the decline in car prices, especially relatively new used, will be helpful as they continue to replenish and update their fleet.
The chart is a bit messy, however, shares are now pressing up against resistance around the $17-18 level. Today is shaping up to be an outside day which could open the path to a new trend higher.
Again, to get the trade and its alert in totality, just click here and get your trial membership now.
The first trade you take may even pay for your one-month trial, which starts at $19 for the first month. I do this to prove my concept and once you see our strategy and start to apply what you learn, I almost certain you’ll be hooked.
After all, you’ll have your own options trading coach guiding you every step of the way. Looking forward to trading with you!
To Your Success,
Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.
Don’t Fall For Faulty This Faulty IndicatorDecember 23, 2022
If You Missed Our Big Event, We’ve Got You CoveredDecember 21, 2022
How I Gave My Readers a Shot to Turn $10,000 into Over $537,000December 19, 2022
Subscribe To OurDaily Newsletter
Join our mailing list to receive the latest news and updates from Option Sensei.