Hertz Global Holdings put volume heavy and directionally bearish
The Fly

Hertz Global Holdings put volume heavy and directionally bearish

Bearish flow noted in Hertz Global Holdings with 11,081 puts trading, or 4x expected. Most active are Dec-26 2.5 puts and Mar-24 7.5 calls, with total volume in those strikes near 10,400 contracts. The Put/Call Ratio is 7.50, while ATM IV is up over 4 points on the day. Earnings are expected on April 25th.

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