Looking At Hertz Global Holdings's Recent Unusual Options Activity

Investors with a lot of money to spend have taken a bearish stance on Hertz Global Holdings HTZ.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with HTZ, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 12 uncommon options trades for Hertz Global Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 16% bullish and 83%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $143,896, and 9 are calls, for a total amount of $516,208.

Latest Startup Investment Opportunities:

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $5.0 to $7.5 for Hertz Global Holdings over the recent three months.

Insights into Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Hertz Global Holdings's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Hertz Global Holdings's whale activity within a strike price range from $5.0 to $7.5 in the last 30 days.

Hertz Global Holdings Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

About Hertz Global Holdings

Hertz Global Holdings Inc is engaged in the vehicle rental and leasing business and operates an automotive vehicle rental service through the Hertz, Dollar, Thrifty, and Firefly brands. The company offers cars, crossovers, and light trucks for rent; ancillary products and services; rental of industrial, construction, and other services. Its operating segments and organized are based on the products and services provided and the geographic areas as :Americas RAC -which derives maximum revenue, includes Rental of vehicles, as well as sales of value-added services, in the U.S., Canada, Latin America and the Caribbean; and International RAC - Rental of vehicles, as well as sales of value-added services, in locations other than the U.S., Canada, Latin America and the Caribbean.

Following our analysis of the options activities associated with Hertz Global Holdings, we pivot to a closer look at the company's own performance.

Hertz Global Holdings's Current Market Status

• Trading volume stands at 7,424,604, with HTZ's price down by -6.34%, positioned at $5.99.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 7 days.

What Analysts Are Saying About Hertz Global Holdings

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $7.333333333333333.

• An analyst from Goldman Sachs downgraded its action to Sell with a price target of $7.
• An analyst from Deutsche Bank has decided to maintain their Hold rating on Hertz Global Holdings, which currently sits at a price target of $6.
• An analyst from Morgan Stanley persists with their Equal-Weight rating on Hertz Global Holdings, maintaining a target price of $9.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Hertz Global Holdings with Benzinga Pro for real-time alerts.