Bearish flow noted in Hertz (HTZ) Global Holdings with 18,156 puts trading, or 1.2x expected. Most active are 5/23 weekly 7 puts and Sep-25 14 calls, with total volume in those strikes near 9,600 contracts. The Put/Call Ratio is 1.50, while ATM IV is up over 7 points on the day. Earnings are expected on May 12th.
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