Jim Strugger's Avis Budget Trade

Speaking on Bloomberg Markets, Jim Strugger of MKM Holdings suggested that investors should consider a bullish options strategy in Avis Budget Group Inc. CAR.

He thinks the company is going to report a good quarter and he wants to make a bullish bet by purchasing the November 40/46 call spread for $1.70. The trade breaks even at $41.70 or 15.83 percent higher from the current stock price and it can maximally make $4.30.