option flow confirms post-collapse short
CAR is a clean, high-conviction short from a technical/option-flow perspective after a sharp top-to-bottom collapse attributed to ATM activity (he contrasts retail buying running out and Avis later ATMing).
A sharp top-to-bottom price collapse driven by ATM activity and exhausted retail buying creates a technically clean short, reinforced by negative option flow. The used-vehicle cycle sensitivity adds fundamental weight to the bearish setup.
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