The loopy, zany, clinically psychotic behavior of CAR continues.
I was reading up on it this morning, and even though everyone knows the stock is doomed to crash at some point, no one knows what that “point” is. SlopeCharts has a wide variety of options tools, and one look at something as simple as the 30-day implied volatility tells the story: we’re deep intro triple-digit land.
The options cone is a particular crack-up, since it is gargantuan. I had to greatly expand the chart to show the whole thing.
Of course, we’ve seen this movie before, haven’t we? It was eighteen years ago. We also know how this movie ends.
In the meanwhile, options on both sides are EXTREMELY expensive. Anyone writing or buying these suckers is playing with fire. Just look at these quotes!
As for Volkswagen, you may not know this, but Platinum folks have access to international charts in SlopeCharts as well. Here’s the XETRA chart of Volkswagen, zoomed in on the 2008 saga.
