Puts Purchased on Hertz Global Holdings, Inc. (HTZ)

Shares of Hertz Global Holdings, Inc. HTZ are lower on the session by 0.22%, currently trading at $26.96. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages.

Options traders are buying puts on the name today. A short while ago the April 2011 $14.00 put was purchased 2,100 times, on the offer, on open interest of only 46 contracts. This signals new positioning on the name.

Overall put volume is now running at 5.81x the daily average with 97% of all puts traded being purchases on the offer.

Hertz Global Holdings, Inc. is a general use car rental brand and is engaged in equipment rental businesses in the United States and Canada. The company and its independent licensees and associates accept reservations for car rentals at approximately 8,100 locations in approximately 145 countries.