CHART OF THE DAY at 1-25-2016 BUY $CAR at $26.05
We've been looking at this stock A LOT lately. Today's gap was very damaging and trapped a LOT of people. I am looking to take this trade in 6 mins from now.
Flagging on the weekly chart, "She's tight", Earnings Monday, options pricing a 8% move, normal skew, Barron's article,
Was looking at CAR bearish a few months back. Ended up forming a bottoming pattern, therefore looking a tad more bullish IF CAR gaps up to this area on earnings.
With Uber out there I think CAR and HTZ will suffer some. (kind of different business BUT... might have an impact. Think bigger picture. Uber does rentals also... in the future maybe? Thus, GIANT possibly double top on CAR, if one went bearish could set a trigger to BUY protective calls or simply could do that out the gate and be bearish on CAR. I am not...