What the Options Market Tells Us About Avis Budget Gr

Whales with a lot of money to spend have taken a noticeably bearish stance on Avis Budget Gr.

Looking at options history for Avis Budget Gr CAR we detected 13 trades.

If we consider the specifics of each trade, it is accurate to state that 7% of the investors opened trades with bullish expectations and 92% with bearish.

From the overall spotted trades, 10 are puts, for a total amount of $856,745 and 3, calls, for a total amount of $156,117.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $245.0 for Avis Budget Gr, spanning the last three months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $50.0 to $245.0 in the last 30 days.

Avis Budget Gr Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

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.

Present Market Standing of Avis Budget Gr

• Trading volume stands at 1,016,027, with CAR's price up by 0.51%, positioned at $192.0.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 66 days.

What The Experts Say On Avis Budget Gr

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $164.0.

• In a cautious move, an analyst from Goldman Sachs downgraded its rating to Sell, setting a price target of $164.

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.