Hertz Global Holdings, Inc (NYSE: HTZ) shares are trading lower by $18.00 (48 percent) at $17.74 in Tuesday's session. The issue's price is being halved following a Q3 miss of $1.87 with a small miss for revenues. The company slashed FY 2016 EPS to $0.51-$0.88 range compared to estimates of $0.90.
Following a sharply lower open ($21.00 vs. Monday's close of $35.74), it could only manage a $0.50 bounce to $21.50 before continuing its jaunt lower.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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It has continued to make new lows for the session with the current one standing at $17.20.
The issue, which went through a reorganization in June, reached $53.14 in July and was as high as $49.26 at the end of August.
The poor report has prompted both Northcoast Research and Deutsche Bank to downgrade the issue. The former changed its rating from Buy to Neutral and latter from Buy to Hold.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.