Hertz Global Announces Buyback Plan, Call Traders Respond

HTZ has added more than 47% over the last three months

Digital Content Manager
Nov 29, 2021 at 1:35 PM
facebook X logo linkedin


The shares of Hertz Global Holdings Inc (NASDAQ:HTZ) are popping today, last seen up 5.9% at $25.27, after the company announced a share buyback program. Hertz plans to repurchase up to $2 billion of its outstanding common stock, after the car rental name bounced back from bankruptcy in late June.

The last time we checked on HTZ, call traders were blasting the equity as the company reportedly weighed bankruptcy loan options. Shares had been trending lower prior to today's pop, cooling from a Nov. 2 all-time high of $46, though the $20 level was able to contain further losses. During the past three months, Hertz stock has added over 49%.

HTZ

Options bulls are blasting the security in response to today's news. So far, 28,000 calls have crossed the tape, which is double the intraday average, as opposed to 4,475 puts. Most popular is the December 30 call, followed by the 27.50 call in the same series, with new positions being opened at the latter.

 

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