Calls Purchased on Hertz Global Holdings

Shares of Hertz Global Holdings HTZ are lower on the session by 2.01%, currently trading at $13.66. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago the September 2011 $15.00 call traded 13,000 times on open interest of 13,570 contracts. Overall call volume is now running at 4.12x the daily average with 93% of all calls traded being purchases on the offer. Hertz Global Holdings, Inc. is a worldwide airport general use car rental brand, operating from approximately 8,500 locations in 146 countries as of December 31, 2010.