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$40k on $HTZ - capping max gain by selling CCs

NEUTRAL by u/BillyP42 | Aug 10, 2026 | 1↑ 0 comments | 11 views | VIEW ON REDDIT
$HTZ
$HTZ HERTZ GLOBAL HOLDINGS, INC INDUSTRIALS EQUITY SIMULATION
$2.08
-0.08 (-3.70%)
LAST PRICE · 15 MIN DELAY
DAY CHG -3.70%
5D CHG -15.10%
30D CHG -8.17%
AI SUMMARY — Trader deployed $40k into 17,500 shares of HTZ at $2.29 and sold covered calls across the position to generate $3,500 in premium income if the stock declines. Key risk: strategy caps upside gains if HTZ rallies significantly in the coming week.
TICKERHTZ USERu/BillyP42
RATING NEUTRAL ENTRY $2.27
POSITION 17500 sh BOOK VAL $39723.25
CURRENT $2.08 P&L % -8.37%
CURR VAL $36400.00 P&L $ -3323.25

Scalped HTZ a bunch all day Thursday AH and Friday. Made a good $5k+ by going in and out a few dozen times for a few thousand shares at a time.

By close, I decided to buy 17,500 shares at $2.29. Then sold CCs on entire position at various nearby strikes for this upcoming week. If this thing rips short term, I'll have shot myself in the foot. But if it dumps, I'll make $3500 selling CCs while we wait for liftoff.

GL to anyone playing along. Should be a fun week!