Traders Like Hertz Shares

Traders spent a second straight session piling into bullish options on shares in Hertz Global Holdings. Hertz has been battling Avis Budget Group for Dollar Thrifty Automotive Group. Over the weekend of Sept. 11, Hertz sweetened its Dollar Thrifty bid, according to the Wall Street Journal.

Dollar Thrifty's options trading showed little suggestion that traders hope for an Avis Budget counteroffer.

At 75 cents, Hertz's October $11 calls are profitable if Hertz stock can add more than 8.4 percent over the next month. Hertz's shares rose 79 cents, or 7.9 percent, to $10.84 in recent trading.

Bullish Hertz traders on Sept. 10 also caused volume in the company's options to soar.

Comment On This Story

Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.


Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Trends Moving the Truck Market

Storylines that emerged from the 2018 Work Truck Show include the increasing need for on-site productivity, inclusion of active safety systems in trucks, DPF frustrations affecting product decisions, data management, and the growing link between fleet management and company revenue.

MIT Study Reinforces the Newfound Importance of Fleet

Uber and Lyft drivers make far less when factoring vehicle expenses, though the actual numbers are now in dispute. A proper lifecycle cost analysis would’ve helped, and shows the benefit of collaboration with fleet professionals.

What a Connected Fleet Means to Avis (and Car Rental)

Counter bypass is just the beginning. The promise of a “data-driven ecosystem” that connects renters with the rental agency, retail services, and even the city is a better managed fleet, an improved user experience, and new revenue opportunities during the rental itself.

Job Finder: Access Top Talent. Fill Key Positions.