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 twitter 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. 

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners