Put Options on HTZ on 9/3/2019

Hertz Global Holdings, Inc. (HTZ) provides airport and off airport vehicle rental and leasing services.

It operates through three segments: U.S. RAC, International RAC, and All Other Operations.

The company provides its vehicle rental services under the Hertz, Dollar, Thrifty, Firefly, and Flexicar brands from approximately 10,200 corporate and franchisee locations in North America, Europe, Latin America, Africa, Asia, Australia, the Caribbean, the Middle East, and New Zealand. It rents vehicles on an hourly, daily, weekend, weekly, and monthly or multi-month basis.

Hertz Global Holdings, Inc. also sells value-added products and services; and vehicles, as well as offers car and van membership sharing services. In addition, the company offers vehicle and lease financing; acquisition and remarketing; license, title, and registration; vehicle maintenance consultation; fuel, accident, and toll management; telematics-based location, and driver performance and scorecard reporting; and fleet management services. 

Shares have formed a bearish "flag" and lower share prices are expected for this stock.

Last Trade: $12.11

Trading Range: $11.24 - $19.07

Trade Buy 1 October $12.00 Put at $0.85 For a net debit of $0.85 Profit/Loss Analysis Breakeven at $11.15 Maximum profit is unbounded Maximum loss is ($85.00) at strike of $12.00 Closing Summary Sold 1 October $12.00 Put at $0.00

Position closed on 10/18/2019 at price of $0.00 with a -100.00% loss in 45 days.

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