Financial giants have made a conspicuous bullish move on Avis Budget Gr. Our analysis of options history for Avis Budget Gr CAR revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $780,618, and 4 were calls, valued at $200,670.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $110.0 for Avis Budget Gr over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Avis Budget Gr's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Avis Budget Gr's whale activity within a strike price range from $80.0 to $110.0 in the last 30 days.
Avis Budget Gr Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CAR | PUT | TRADE | BULLISH | 01/16/26 | $14.7 | $13.4 | $13.7 | $80.00 | $685.0K | 538 | 0 |
| CAR | CALL | SWEEP | BULLISH | 07/19/24 | $6.9 | $6.5 | $6.5 | $105.00 | $84.5K | 36 | 0 |
| CAR | CALL | SWEEP | BULLISH | 06/21/24 | $3.5 | $3.0 | $3.5 | $105.00 | $43.7K | 266 | 56 |
| CAR | PUT | SWEEP | NEUTRAL | 08/16/24 | $7.6 | $7.5 | $7.52 | $100.00 | $37.4K | 574 | 310 |
| CAR | CALL | TRADE | BEARISH | 11/15/24 | $14.9 | $14.2 | $14.2 | $110.00 | $36.9K | 280 | 4 |
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.
After a thorough review of the options trading surrounding Avis Budget Gr, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Avis Budget Gr Standing Right Now?
- With a volume of 279,455, the price of CAR is down 0.0% at $106.98.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 48 days.
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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