Bulls take wheel again in Hertz Global

By
A A A
Share |

The bulls are taking the wheel at Hertz Global for the second time in less than a week.

optionMONSTER's Heat Seeker monitoring system detected the purchase of about 6,000 January 14 calls for $1.80. Volume was more than 85 times open interest at the strike.

HTZ is trading at $14.29 this morning, up 0.78 percent today and 22 percent in the last month. The car-rental giant has reported consistently strong financial results and got another jolt higher on Aug. 27 after finalizing a takeover of smaller rival Dollar Thrifty. The move ended more than a year of back-and-forth between the companies.

Those January calls are in the money , creating leverage on even a relatively small move in the share price. Their delta is 0.57, meaning that they will appreciate $0.57 for every $1 that HTZ goes up. (See our Education section)

The Heat Seeker also detected apparently bullish option activity last Wednesday .

While overall option volume in the name only slightly above average, calls outnumber puts by a very bullish 200-to-1 ratio.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.


This article appears in: Investing , Options

Referenced Stocks: HTZ

optionMONSTER

optionMONSTER

More from optionMONSTER:

Related Videos

Stocks

Referenced

75%

Most Active by Volume

89,970,926
  • $16.15 ▲ 0.12%
77,131,582
  • $58.94 ▼ 1.31%
67,336,935
  • $26.56 ▲ 1.68%
48,814,124
  • $86.20 ▲ 0.02%
47,526,126
  • $23.21 ▲ 0.78%
44,660,424
  • $23.91 ▲ 6.36%
38,799,699
  • $4.289 ▲ 4.36%
36,199,890
  • $40.01 ▼ 0.97%
As of 4/17/2014, 04:07 PM