Moderately bullish activity in Hertz Global Holdings with shares up 3.5%

Moderately bullish activity in Hertz Global Holdings (HTZ), with shares up 26c, or 3.5%, near $7.69. Options volume running well above average with 48k contracts traded and calls leading puts for a put/call ratio of 0.16, compared to a typical level near 0.56. Implied volatility (IV30) is higher by 4.1 points near 129.39, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.63. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Hertz Global Holdings (HTZ) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.