• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

IWO Trading Floor

Become a Great Options Trader

  • Customer Center

Pop Drop and Chop in HTZ

Home › Forums › Swing Trades › Pop Drop and Chop in HTZ

  • This topic has 0 replies, 1 voice, and was last updated 9 years, 4 months ago by Steven Place.
Viewing 1 post (of 1 total)
  • Author
    Posts
  • January 10, 2014 at 11:33 am #2512
    Steven Place
    Keymaster

    After a massive move to end the year, HTZ has been pulling back and creating a base. It’s now breaking out of that base:

    htz

    On top of that, we’re seeing some really nice options flow, a large order for a bull risk/reversal occurred out in March:

    htz-flow

    I think there’s a smart play here– get long the stock with an initial target of 29.50 and a stop just under the breakout lows, around 26.94.

    I like buying the Mar 18 Call at 1.75.

     

  • Author
    Posts
Viewing 1 post (of 1 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

This is the Forum Sidebar Widget Area. You can add content to this area by visiting your Widgets Panel and adding new widgets to this area.

© 2021 Global Profit Systems International