Whales with a lot of money to spend have taken a noticeably bullish stance on Avis Budget Gr.
Looking at options history for Avis Budget Gr CAR we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $175,524 and 6, calls, for a total amount of $378,450.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $90.0 and $120.0 for Avis Budget Gr, spanning the last three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Avis Budget Gr's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Avis Budget Gr's substantial trades, within a strike price spectrum from $90.0 to $120.0 over the preceding 30 days.
Avis Budget Gr 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CAR | PUT | SWEEP | BULLISH | 06/07/24 | $5.2 | $5.1 | $5.1 | $110.00 | $146.3K | 1 | 333 |
| CAR | CALL | SWEEP | BEARISH | 05/10/24 | $19.9 | $18.5 | $18.5 | $96.00 | $86.9K | 649 | 0 |
| CAR | CALL | SWEEP | BULLISH | 05/17/24 | $15.0 | $14.3 | $15.0 | $100.00 | $85.5K | 795 | 68 |
| CAR | CALL | SWEEP | BULLISH | 05/17/24 | $15.0 | $14.1 | $15.0 | $100.00 | $84.0K | 795 | 12 |
| CAR | CALL | TRADE | NEUTRAL | 08/16/24 | $31.7 | $29.7 | $30.79 | $90.00 | $61.5K | 26 | 0 |
About Avis Budget Gr
Avis Budget Group Inc is a provider of automotive vehicle rental and car-sharing services. Its brands include Avis, Budget, and Zipcar. Avis is targeted to serve the premium commercial and leisure segments of the travel industry, while Budget is focused on value-conscious customers. The company operates its own network of rental locations and licenses its brands to franchisees. Zipcar is a car-sharing service that allows members to use the company-owned Zipcar fleet at an hourly rate. The company's largest region by revenue is the Americas.
Avis Budget Gr's Current Market Status
- Currently trading with a volume of 535,130, the CAR's price is up by 0.07%, now at $113.85.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 87 days.
Expert Opinions on Avis Budget Gr
In the last month, 5 experts released ratings on this stock with an average target price of $151.4.
- Consistent in their evaluation, an analyst from Deutsche Bank keeps a Buy rating on Avis Budget Gr with a target price of $183.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Avis Budget Gr with a target price of $187.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Avis Budget Gr, targeting a price of $140.
- Maintaining their stance, an analyst from Susquehanna continues to hold a Neutral rating for Avis Budget Gr, targeting a price of $117.
- Showing optimism, an analyst from Goldman Sachs upgrades its rating to Neutral with a revised price target of $130.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Avis Budget Gr, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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