Hertz Global Holdings Option Alert: Jul 21 $15 Calls Sweep (24) near the Ask: 1479 @ $1.4 vs 1517 OI; Earnings 7/27 Before Open [est] Ref=$15.65
Portfolio Pulse from Charles Gross
Hertz Global Holdings (HTZ) sees a surge in July 21 $15 call options near the ask price, with 1,479 contracts at $1.4, compared to 1,517 open interest. Earnings are expected on July 27 before the market opens.
May 31, 2023 | 4:02 pm
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POSITIVE IMPACT
Increased activity in Hertz's July 21 $15 call options may indicate bullish sentiment ahead of the company's earnings release on July 27.
The surge in call options activity for Hertz suggests that investors are expecting a positive earnings report on July 27. This increased activity in call options could lead to a short-term increase in the stock price as investors position themselves for potential gains.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100