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
See today’s best-performing stocks on TipRanks >>
Read More on HTZ:
- Hertz, BP to build national network of EV fast charging infrastructure
- Buy ‘cheap, well-run’ Hertz stock, Barron’s says
- Blink Charging partners with Hertz for EV charging during Big Game
- Hertz price target raised to $20 from $18 at Susquehanna
- Hertz price target lowered to $27 from $29 at Deutsche Bank