Mixed options sentiment in Hertz Global Holdings (HTZ), with shares down 16c near $5.67. Options volume relatively light with 14k contracts traded and puts leading calls for a put/call ratio of 3.21, compared to a typical level near 1.1. Implied volatility (IV30) dropped 2.33 near 80.78,in the bottom quartile of the past year, suggesting an expected daily move of $0.29. Put-call skew steepened, indicating increased demand for downside protection.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HTZ:
- Moderately bullish activity in Hertz Global Holdings with shares up 4.78%
- Mixed options sentiment in Hertz Global Holdings with shares down 5.57%
- Hertz price target raised to $5.50 from $5 at Susquehanna
- Hertz Global Earnings Call Signals Cautious Turnaround
- Mixed options sentiment in Hertz Global Holdings with shares down 1.62%