Calls Purchased on Hertz Global Holdings

Shares of Hertz Global Holdings HTZ are higher on the session by 0.07%, currently trading at $14.93. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while ago the September 2011 $16.00 call traded 4,000 times on open interest of 11,752 contracts. Overall call volume is now running at 4.06x the daily average with 99% of all calls traded being purchases on the offer. Hertz Global Holdings, Inc. is a worldwide airport general use car rental brand, operating from approximately 8,500 locations in 146 countries as of December 31, 2010. The company has two segments: car rental and equipment rental.