Bearish flow noted in Hertz Global Holdings with 11,081 puts trading, or 4x expected. Most active are Dec-26 2.5 puts and Mar-24 7.5 calls, with total volume in those strikes near 10,400 contracts. The Put/Call Ratio is 7.50, while ATM IV is up over 4 points on the day. Earnings are expected on April 25th.
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