Bearish flow noted in Hertz Global Holdings with 1,061 puts trading, or 1.3x expected. Most active are Apr-23 15 puts and Jun-23 20 calls, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 4.16, while ATM IV is up nearly 3 points on the day. Earnings are expected on April 27th.
Published first on TheFly
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