$CAR is surprisingly resilient so far. For how long?
I like CAR, primarily for its volatility. I am surprised to see that it was so resilient so far.
I mean, the rental car business got hammered last year and this stock is fully recovered and then some.
So, if everything in the economy gets rosy, it's kind of priced in already.
I am making a short bet with 3/19 50 puts.
By the way, I don't do YOLOs or other stuff that can bankrupt me, so losing all my money one single bet is totally part of the strategy.
Means I get to live another day and make more bets.
What do you think about CAR?
I mean, the rental car business got hammered last year and this stock is fully recovered and then some.
So, if everything in the economy gets rosy, it's kind of priced in already.
I am making a short bet with 3/19 50 puts.
By the way, I don't do YOLOs or other stuff that can bankrupt me, so losing all my money one single bet is totally part of the strategy.
Means I get to live another day and make more bets.
What do you think about CAR?