Bulls Betting on a Move Higher in Hertz (HTZ)

Shares of Hertz Global holdings Inc. HTZ are higher on the session by 1.86%, currently trading at $9.99. The stock has been moving largely lower for the past six months, off from a recent high near $15.00. The stock is currently in a technical downtrend and at a key pivot point. Options traders are betting on a move higher. The December $12.50 call was purchased 13,000 times, on the offer, a short while ago; open interest on the strike is only 1,344 contracts. This signals new positioning on the name. Call volume is currently running at 6x 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. For more great research like this, as well as how to play it through options…please visit Benzinga’s Options & Volatility Edge and Benzinga’s Cash Generator.