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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on HTZ:
- Hertz Global Holdings put volume heavy and directionally bearish
- Third Point buys McKesson, exits T-Mobile in Q4
- Alibaba downgraded, Disney upgraded: Wall Street’s top analyst calls
- Hertz price target raised to $10 from $9 at Deutsche Bank
- Hertz downgraded to Equal Weight from Overweight at Morgan Stanley
