Bearish flow noted in Hertz Global Holdings with 5,984 puts trading, or 6x expected. Most active are Aug-23 17.5 puts and Sep-23 25 calls, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 3.17, while ATM IV is up over 1 point on the day. Earnings are expected on July 27th.
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