Mixed options sentiment in Avis Budget with shares up 5.27%

Mixed options sentiment in Avis Budget (CAR), with shares up $9.55, or 5.27%, near $190.70. Options volume roughly in line with average with 35k contracts traded and puts leading calls for a put/call ratio of 2.13, compared to a typical level near 1.71. Implied volatility (IV30) dropped 15.39 near 86.69, in the highest 10% of observations over the past year, suggesting an expected daily move of $10.41. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Underweight at JPMorgan.