Taking a ride in Hertz but in the Submarine

I keep a basket of stocks called the Submarine Basket. The goal is simple: buy quality stocks that are “beat up” for some reason. Obviously I am very selective in choosing the pullback to buy. I also do Put selling (Options) when I want a good entry – or at least more cushion.

Today I did this trade in $HTZ:

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I decided to be patient – ease in – by selling Puts for October at the 23 strike. If Put the stock my entry is $22.10

The next step would be to buy some stock if price can hold this level today/tomorrow.

2 thoughts on “Taking a ride in Hertz but in the Submarine

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