Bullish option flow detected in Hertz Global Holdings with 1,313 calls trading, 3x expected, and implied vol increasing over 1 point to 96.67%. May-24 6 calls and May-24 7.5 calls are the most active options, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 0.08. Earnings are expected on April 25th.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- 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 HTZ:
- Hertz covenant amendment negative for shares, says Goldman Sachs
- Hertz price target lowered to $6 from $10 at Deutsche Bank
- Avis Budget price target lowered to $183 from $202 at Deutsche Bank
- Avis Budget price target lowered to $187 from $190 at Morgan Stanley
- Hertz price target lowered to $9 from $10 at Morgan Stanley