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Marty Chilberg
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Marty Chilberg is a seasoned financial professional with over 30 years of executive leadership, board, consulting and advisory experience.  He began his career as a certified public accountant (CPA). He moved to Silicon Valley in 1981 to begin his career in the software industry, working for... More
  • Hertz Sandwich 2 comments
    Jun 4, 2014 5:33 PM | about stocks: HTZ

    I decided to create a bit of a Hertz (NYSE:HTZ) sandwich today. I've had a nice gain in the stock since I bought it last quarter, up 29% to date. Stock is still reasonably priced and technically strong, though is at top of bollinger band and trading channel. So I sold both a $30 covered call and a $30 put. Both at a little under $1.00. If the stock pulls back a little, the call will give me about 3% yield and I'll buy more at roughly $29 per share. If the price stays above $30, the put will yield 3% and my stock will be assigned at about $31.

    Disclosure: I am long HTZ.

    Stocks: HTZ
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  • Marty Chilberg
    , contributor
    Comments (575) | Send Message
     
    Author’s reply » 6/6: HTZ filed an 8k related to accounting issues, internal control weakness. Premarket stock down 10%.
    6 Jun 2014, 08:15 AM Reply Like
  • Marty Chilberg
    , contributor
    Comments (575) | Send Message
     
    Author’s reply » Look my lumps and sold the stock. Down 9% on day but still able to book an 8% gain. Just cant hold a stock when the reporting is questionable. Will let the calls expire. Puts am holding for now to try to recoup a little.
    6 Jun 2014, 11:10 PM Reply Like
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