$HTZ earnings 10/27 bmo. Unusual 11/18 22.50 call volume.
It will be interesting to see what happens to CAR and HTZ over the next month. Stock price went up with the post-Covid travel boom and used car price increases, but that bubble has burst.
Technically, price has been rangebound for the year, between the yellow dashed lines. Gray ovals mark gaps in price. Moving averages lean bearish by their order, yet there is no directional trend yet. Lower indicators hint at a possible down turn. RSI(14) recently dipped below 30 so I will look for it to stay under 65 and turn down; this would fit with the 200ma holding as resistance to price. Stochastic is already high and, based on history, should turn down; the caution, however, is that price could stay between the yellow lines instead of making a significant move.
This Barchart article highlights over 5k volume yesterday in the 11/18 22.50 call, and it also offers reasons for stock price to decline.
www.barchart.com/sto...ld-move-on-hertz-htz
Maybe there is a catalyst that will boost the stock price after earnings. Maybe this volume was call selling because the strike is over the dashed line; it would be a good pick for collecting premium if stock drops after earnings. Short float is under 8%. Volume is light, so while I am watching this for a good study, I will only place a trade if I find a contract that is worth my capital.
Technically, price has been rangebound for the year, between the yellow dashed lines. Gray ovals mark gaps in price. Moving averages lean bearish by their order, yet there is no directional trend yet. Lower indicators hint at a possible down turn. RSI(14) recently dipped below 30 so I will look for it to stay under 65 and turn down; this would fit with the 200ma holding as resistance to price. Stochastic is already high and, based on history, should turn down; the caution, however, is that price could stay between the yellow lines instead of making a significant move.
This Barchart article highlights over 5k volume yesterday in the 11/18 22.50 call, and it also offers reasons for stock price to decline.
www.barchart.com/sto...ld-move-on-hertz-htz
Maybe there is a catalyst that will boost the stock price after earnings. Maybe this volume was call selling because the strike is over the dashed line; it would be a good pick for collecting premium if stock drops after earnings. Short float is under 8%. Volume is light, so while I am watching this for a good study, I will only place a trade if I find a contract that is worth my capital.
