Bullish option flow detected in Hertz (HTZ) Global Holdings with 10,911 calls trading, 2.0x expected, and implied vol increasing over 4 points to 129.07%. 4/10 weekly 6.5 calls and Apr-26 6.5 calls are the most active options, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 0.13. Earnings are expected on May 7th.
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Read More on HTZ:
- Unusually active option classes on open April 7th
- Hertz Global Holdings call volume above normal and directionally bullish
- Largest borrow rate increases among liquid names
- Hertz notes surge in car rental searches amid partial shutdown, TravelPulse says
- Hertz price target lowered to $5 from $5.50 at Morgan Stanley
