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AutoNation Death Spiral

Written By Brian Hicks

Posted July 15, 2008

Let’s make this short.  We’re launching our new options product in the next two weeks.

But before we do, we want to bring another play to your attention.

Take a look at the October 2008 5 puts on AutoNation (ANVA).  Volume is up to 31,468 vs. open interest of 20.

It looks like economic hardship will send AN further south.  Tag along for the ride on the October 5 put option.