Posted on September 30, 2021
Some things are just too outrageous to cope with.
Take the Batflu, for instance…
Another is the Avis Budget Group (NASDAQ:CAR), master of the vehicle rental sphere, whose stock is now due for an I-405 pile-up.
Get this –
So what’s driving the stock price?
Of late, it’s all short covering.
And there’s still a huge short position out there – over 20% of the float!
Which means a short bet on CAR could be a dangerous endeavor.
Unless we carefully craft the trade as a defined-risk proposition.
And so we shall.
G-tt in Himmel will decide.
Praise Him all through the day.
And many happy returns!