Investors with a lot of money to spend have taken a bearish stance on Hertz Global Holdings HTZ.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with HTZ, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 8 uncommon options trades for Hertz Global Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 62%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $187,000, and 6 are calls, for a total amount of $205,270.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $4.0 to $10.0 for Hertz Global Holdings over the last 3 months.
Insights into 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 Hertz Global Holdings'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 Hertz Global Holdings's whale activity within a strike price range from $4.0 to $10.0 in the last 30 days.
Hertz Global Holdings 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HTZ | PUT | SWEEP | BEARISH | 12/20/24 | $1.6 | $1.5 | $1.58 | $5.00 | $157.2K | 312 | 1.0K |
| HTZ | CALL | SWEEP | BULLISH | 07/19/24 | $0.45 | $0.4 | $0.45 | $4.00 | $45.0K | 233 | 40 |
| HTZ | CALL | TRADE | BEARISH | 01/17/25 | $0.8 | $0.75 | $0.75 | $5.00 | $37.5K | 7.2K | 9 |
| HTZ | CALL | TRADE | NEUTRAL | 01/17/25 | $0.8 | $0.7 | $0.75 | $5.00 | $37.4K | 7.2K | 1.0K |
| HTZ | CALL | SWEEP | BULLISH | 06/21/24 | $0.1 | $0.05 | $0.1 | $5.00 | $30.3K | 5.4K | 4.1K |
About Hertz Global Holdings
Hertz Global Holdings Inc is engaged in the vehicle rental and leasing business and operates an automotive vehicle rental service through the Hertz, Dollar, Thrifty, and Firefly brands. The company offers cars, crossovers, and light trucks for rent; ancillary products and services; rental of industrial, construction, and other services. Its operating segments and organized are based on the products and services provided and the geographic areas as :Americas RAC -which derives maximum revenue, includes Rental of vehicles, as well as sales of value-added services, in the U.S., Canada, Latin America and the Caribbean; and International RAC - Rental of vehicles, as well as sales of value-added services, in locations other than the U.S., Canada, Latin America and the Caribbean.
Having examined the options trading patterns of Hertz Global Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Hertz Global Holdings
- Trading volume stands at 11,216,621, with HTZ's price down by -5.85%, positioned at $4.11.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 52 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Hertz Global Holdings, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
