Option traders moderately bearish in Hertz Global Holdings with shares down 8.32%

Option traders moderately bearish in Hertz Global Holdings (HTZ), with shares down 65c near $7.16. Options volume nearly triple the daily average with 197k contracts traded and puts leading calls for a put/call ratio of 3.47, compared to a typical level near 0.54. Implied volatility (IV30) is higher by 0.0 points near 130.65, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.59. Put-call skew flattened, suggesting a modestly bullish tone.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.