Hertz Stock Abuzz After Massive EV Purchase

Options can be had for a steal right now

Deputy Editor
Apr 4, 2022 at 10:16 AM
facebook X logo linkedin


The shares of Hertz Global Holdings Inc (NASDAQ:HTZ) are up 3.2% at $21.79 at last check, on news of a new electric vehicle (EV) partnership. Specifically, over the next five years, the car rental company has agreed to buy 65,000 vehicles from Swedish EV maker Polestar.

On the charts, Hertz stock is recently removed from its first weekly loss in four, and its first monthly loss in three. As a result, the equity is now trading at more than 13% below its year-to-date breakeven level. 

The options pits have seen calls rule the roost. In the last two weeks, for example, nearly 9.5 calls have been scooped up for every put at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX).

It looks to be a good time to speculate on Hertz stock's next move with options, too. The equity's Schaeffer's Volatility Index (SVI) of 58% ranks in the low 5th percentile of its 12-month range. In other words, options players are pricing in low volatility expectations for HTZ at the moment. 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI