Hertz Global Holdings Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bullish stance on Hertz Global Holdings.

Looking at options history for Hertz Global Holdings HTZ we detected 19 strange trades.

If we consider the specifics of each trade, it is accurate to state that 52% of the investors opened trades with bullish expectations and 47% with bearish.

From the overall spotted trades, 13 are puts, for a total amount of $1,074,372 and 6, calls, for a total amount of $414,676.

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What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $15.0 to $17.5 for Hertz Global Holdings over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Hertz Global Holdings options trades today is 7712.43 with a total volume of 47,625.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Hertz Global Holdings's big money trades within a strike price range of $15.0 to $17.5 over the last 30 days.

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

Biggest Options Spotted:

Where Is Hertz Global Holdings Standing Right Now?

• With a volume of 4,275,601, the price of HTZ is up 5.2% at $16.78.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 87 days.

What The Experts Say On Hertz Global Holdings:

• Jefferies downgraded its action to Buy with a price target of $24

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Hertz Global Holdings, Benzinga Pro gives you real-time options trades alerts.