Behind the Scenes of Avis Budget Gr's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Avis Budget Group Inc (NASDAQ:CAR) has seen a significant bearish sentiment from options traders, with 100% of the detected trades being bearish. The trades include 3 puts and 9 calls, with a focus on a price band between $135.0 and $220.0. The company, known for its vehicle rental and car-sharing services, is currently experiencing a stock price decrease of -3.78%, trading at $162.0. The options market's bearish stance and the current stock performance suggest a cautious outlook for CAR in the short term.
February 13, 2024 | 3:31 pm
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Avis Budget Group Inc faces a bearish outlook from options traders, with a significant focus on bearish trades and a current stock price decrease. The company operates in vehicle rental and car-sharing, with a current trading volume of 933,123 and a price drop of -3.78% to $162.0.
The overwhelming bearish sentiment in the options market, combined with the current stock price decrease, suggests a cautious or negative short-term outlook for Avis Budget Group Inc. The focus on bearish trades by options traders, despite the company's broad operational scope in vehicle rental and car-sharing, indicates market concerns or expectations of downward pressure on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100