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Marty Chilberg
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I'm a retired CPA who spent the majority of his working career in technology companies. My work included management stints at Atari Inc, Daisy Systems Corp, Symantec Corp and Visio Corp. My last position at Visio (VSIO) was as CFO and VP Finance and Operations.
  • 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.

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  • Marty Chilberg
    , contributor
    Comments (362) | Send Message
     
    Author’s reply » 6/6: HTZ filed an 8k related to accounting issues, internal control weakness. Premarket stock down 10%.
    6 Jun, 08:15 AM Reply Like
  • Marty Chilberg
    , contributor
    Comments (362) | 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, 11:10 PM Reply Like
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