Market Overview

Jim Strugger's Avis Budget Trade

Related CAR
Benzinga's Bulls & Bears Of The Week: Bristol-Myers, GE, Target, Under Armour And More
42 Biggest Movers From Yesterday

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).

Related Link: How Do You Trade Options?

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


Related Articles (CAR)

View Comments and Join the Discussion!