Put Options on HTZ on 11/21/2016

Hertz Global Holdings, Inc. (HTZ) engages in the car rental business in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East, and New Zealand.

It operates the Hertz, Dollar, Thrifty, and Firefly car rental brands in approximately 9,980 corporate and licensee locations throughout approximately 150 countries. The company provides car rental for small and mid-sized businesses, meetings and conventions, associations/group programs, diversity programs, and government and military travelers.

It offers airport general use car rental services serving approximately 1,635 airport locations in the U.S. and approximately 1,320 airport locations internationally.

In addition, the company owns the vehicle leasing and fleet management business that operates the Hertz 24/7 hourly car rental business in international markets; and sells vehicles through its Rent2Buy program. 

Shares have formed a bearish "flag" following its earnings warning. Lower share prices are expected for this stock.

52-Weeks Trading Range: $6.95 - $53.14

Last Trade: $25.23

Trade Buy 1 December $25.00 Put at $1.25 For a net debit of $1.25 Profit/Loss Analysis Breakeven at $23.75 Maximum profit is unbounded Maximum loss is ($125.00) at strike of $25.00 Closing Summary Sold 1 December $25.00 Put at $2.00

Position closed on 12/12/2016 at price of $2.00 with a 60.00% gain in 21 days.

Updates

12/12/2016 12:25:34 PM

We are taking profits on HTZ $25 Put Options at $2.00

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