Calls Purchased on Hertz Global Holdings Inc. (HTZ)

Shares of Hertz Global Holdings Inc. HTZ are lower on the session by 2.63%, currently trading at $10.37. The stock sold off sharply in May and the stock is now trading below both the 50-day and 200-day moving averages. It appears that traders are coming in once again to support the stock at the historical $10 support level. Options traders are also betting on the stock today with the July $12.50 call purchased 4,000 times on open interest of 3,165 contracts. The September $15 call was also purchased today (3,710 times on open interest of 4,678 contracts). Call volume is now running at 3.37x the daily average. Hertz Global Holdings, Inc. is a general use car rental brand and is engaged in equipment rental businesses in the United States and Canada. The Company and its independent licensees and associates accept reservations for car rentals at approximately 8,100 locations in approximately 145 countries.