Pre-earnings options volume in Avis Budget is 1.6x normal with calls leading puts 7:4. Implied volatility suggests the market is anticipating a move near 14.4%, or $11.95, after results are released. Median move over the past eight quarters is 8.7%.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAR:
- Avis Budget Group (CAR) Q2 Earnings Cheat Sheet
- Avis Budget Group to Announce Second Quarter 2024 Results on August 5th
- Avis extends PGA Tour marketing partnership, adds Schauffele as ambassador
- AVIS extends PGA TOUR marketing partnership, adds Xander Schauffele as ambassador
- Hertz price target lowered to $2.50 from $3 at BofA