Financial giants have made a conspicuous bullish move on Avis Budget Gr. Our analysis of options history for Avis Budget Gr CAR revealed 10 unusual trades.
Delving into the details, we found 60% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $145,067, and 5 were calls, valued at $461,079.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $120.0 to $185.0 for Avis Budget Gr over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $120.0 to $185.0 in the last 30 days.
Avis Budget Gr Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CAR | CALL | SWEEP | BULLISH | 06/21/24 | $8.9 | $8.4 | $8.4 | $130.00 | $258.9K | 93 | 20 |
| CAR | CALL | SWEEP | BULLISH | 06/21/24 | $3.9 | $3.8 | $3.8 | $145.00 | $96.4K | 437 | 0 |
| CAR | CALL | SWEEP | BULLISH | 05/17/24 | $7.0 | $6.0 | $7.0 | $125.00 | $49.0K | 1.4K | 78 |
| CAR | PUT | SWEEP | BEARISH | 05/17/24 | $3.7 | $3.2 | $3.7 | $130.00 | $32.1K | 533 | 186 |
| CAR | PUT | SWEEP | BEARISH | 06/21/24 | $3.9 | $3.5 | $3.9 | $120.00 | $30.4K | 151 | 201 |
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.
After a thorough review of the options trading surrounding Avis Budget Gr, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Avis Budget Gr's Current Market Status
- With a volume of 124,690, the price of CAR is up 4.87% at $129.56.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 76 days.
What Analysts Are Saying About Avis Budget Gr
In the last month, 3 experts released ratings on this stock with an average target price of $146.66666666666666.
- Consistent in their evaluation, an analyst from Susquehanna keeps a Neutral rating on Avis Budget Gr with a target price of $117.
- An analyst from B of A Securities has decided to maintain their Buy rating on Avis Budget Gr, which currently sits at a price target of $140.
- An analyst from Deutsche Bank persists with their Buy rating on Avis Budget Gr, maintaining a target price of $183.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Avis Budget Gr options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
