Collar opportunity on CAR??
CAR is on a nice uptrend, confirmed by mid and long term expectations of Technical Analysis QQQQ site.
Concerned that it has broken out of its current trading pattern, but that could be due to the purchase of ZipCar.
If it returns to its previous pattern, at the end of April Options it should have settled back to a minimum of $26 and a max of $28.
Looking to purchase the underlying stock at around $27.90, with an April Call28 $1.00 and an April Put26 $0.30.
Should result in a return of 2.51% if not exercised and 2.90% if exercised.
As I'm a junior at trading, I'd appreciate any constructive feedback :)
Concerned that it has broken out of its current trading pattern, but that could be due to the purchase of ZipCar.
If it returns to its previous pattern, at the end of April Options it should have settled back to a minimum of $26 and a max of $28.
Looking to purchase the underlying stock at around $27.90, with an April Call28 $1.00 and an April Put26 $0.30.
Should result in a return of 2.51% if not exercised and 2.90% if exercised.
As I'm a junior at trading, I'd appreciate any constructive feedback :)
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