Calls Purchased on Hertz Global Holdings (HTZ)

Shares of Hertz Global Holdings HTZ are higher on the session by 0.25%, currently trading at $16.14. 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 calls on the name today. A short while ago the May 2011 $17.00 call was purchased 3,700 times, on the offer, for $0.55 on open interest of only 53 contracts. Overall call volume is now running at 7.66x the daily average with 97% 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. The company has two segments: car rental and equipment rental.