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Hertz Global Holdings put volume heavy and directionally bearish
The Fly

Hertz Global Holdings put volume heavy and directionally bearish

Bearish flow noted in Hertz Global Holdings with 34,236 puts trading, or 22x expected. Most active are Apr-23 15 puts and Jan-24 15 puts, with total volume in those strikes near 31,000 contracts. The Put/Call Ratio is 20.75, while ATM IV is up nearly 7 points on the day. Earnings are expected on April 27th.

Published first on TheFly

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