HTZ

May 2020 Options Income Report - $595.43

PBCTGPSHTZ
Here at OptionsBrew.com we believe transparency is the key to success and that's why we have decided to share our monthly options income reports covering details behind the scenes. That said welcome to the first (#1) options income report. Last May we did in total 29 trades / from which 15 were covered calls and 14 naked puts. In total 18 trades were closed this May,  while there are 11 left open trades with all expiring in the next month. We managed to make $595.43 from options income…

Closed HTZ Covered Call with a -$200 Loss

HTZ
On May 26, 2020, our market order of selling all our HTZ shares got filled at price $0.49 Long story short, we bought 100 shares of HTZ just a couple of days ago, paying $3.17 per share and simultaneously sold 1 covered call contract for what we got a very hefty premium of $0.7 per share. See: Covered Call on HTZ - Potential income return 32.49% in 11 days This was very speculative trade, and I must admit I placed it based only on technicals, not checking out news, here is what I said: HTZ…

Hertz (HTZ) Filling for Bankruptcy / Chapter 11 - Our potential Max loss $247

HTZ
The 102-year-old car rental firm Hertz has filed for bankruptcy protection after its business all but vanished during the coronavirus pandemic. Hertz said in a US court filing on Friday (May 22, 2020) that it had voluntarily filed for Chapter 11 reorganization. Its international operating regions including Europe, Australia, and New Zealand were not included in the US proceedings. We have been speculating on HTZ with 110 shares, bought at $3.17 and sell covered calls for a very hefty $0.7…

Covered Call on HTZ - Potential income return 32.49% in 11 days

HTZ
On May 18, 2020, we bought on margin 110 shares of HTZ stock (Hertz Global Holdings Inc) at New York's stock exchange, paying $3.17 per share HTZ seems is facing bankruptcy threats, and I must admit this is one of the most speculative trades I've done lately - there is a huge chance of the company going bankrupt - will it happen in the next 11 days? Not so sure. Could share price drop from $3.17 down to $2 or $1 in the next 11 days? You bet. Hertz Could File for Bankruptcy This is not a…