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Jim Strugger's Avis Budget Trade

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

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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.

Posted-In: Bloomberg Markets Jim Strugger MKM HoldingsCNBC Options Markets Media

 

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