Bearish flow noted in Hertz Global Holdings with 16,771 puts trading, or 12x expected. Most active are Jun-24 5 puts and Jun-24 6 calls, with total volume in those strikes near 19,400 contracts. The Put/Call Ratio is 1.70, while ATM IV is up over 5 points on the day. Earnings are expected on April 25th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HTZ:
- Hertz price target lowered to $6 from $10 at Deutsche Bank
- Avis Budget price target lowered to $183 from $202 at Deutsche Bank
- Avis Budget price target lowered to $187 from $190 at Morgan Stanley
- Hertz price target lowered to $9 from $10 at Morgan Stanley
- Solar Eclipse: Stocks Are Expecting a Celestial Boost
