Puts Sold on Hertz (HTZ)

Shares of Hertz Global Holdings Inc. HTZ are lower on the session by 6.13%, currently trading $10.41. The stock has been selling off as of late and is now flirting with the 200-day moving average. One trader is betting that the stock holds current levels (or at least does not fall significantly) though as they just sold the January 2012 $7.50 put 2,000 times for $1.20. There was no open interest on the strike prior to today’s action. Hertz Global Holdings, Inc. is a general use car rental brand and is engaged in equipment rental businesses in the United States and Canada.