Dear Reader,
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