Bulls Taking Avis For a Test Drive (CAR)

Shares of Avis Budget Group, Inc. CAR are lower on the session by 0.44%, currently trading at $11.27. The stock has been moving largely sideways for the past five months, though it is currently trading above the 50-day and 200-day moving averages. Options traders are buying upside calls on CAR as well. The January 2011 $12.50 call was purchased 2,850 times, on the offer, on open interest of 8,057 contracts. Overall call volume is running at 4.85x the daily average, 93% on the offer. Avis Budget Group, Inc. provides car and truck rentals and ancillary services to businesses and consumers in the United States and internationally. The company operates two brands in the global vehicle rental industry, through Avis and Budget. For more great research like this, as well as how to play it through options…please visit Benzinga's Options & Volatility Edge and Benzinga's Cash Generator.