Avis Budget Gr Whale Trades spotted

Someone with a lot of money to spend has taken a bearish stance on Reviews Budget Gr SELF.

And retailers should know that.

We noticed this today when the big position appeared on the history of publicly available options we track here at Benzinga.

Whether it is an institution or just a wealthy individual, we don’t know. But when something this big happens with CAR, it often means someone knows something is about to happen.

So how do we know what this whale just did?

Today, BenzingaOptions scanner spotted 10 unusual option trades for Avis Budget Gr.

It is not normal.

The general sentiment of these big traders is split between 20% bullish and 80% bearish.

Of all the special options we discovered, 6 are put options, totaling $222,530, and 4 are call options, totaling $152,379.

What is the target price?

Given the volume and open interest on these contracts, it appears whales have been targeting a price range of $230.0-$345.0 for Avis Budget Gr over the past 3 months.

Development of volume and open interest

In terms of liquidity and interest, the average open interest for Avis Budget Gr options trades today is 113.14 with a total volume of 806.00.

In the following graph, we are able to follow the evolution of volume and open interest of call and put options for large trades of Avis Budget Gr within a strike price range of 230, $0 to $345.0 in the last 30 days.

Volume of Avis Budget Gr options and open interest in the last 30 days

The biggest options spotted:

Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume
SELF PUT SCANNING BULLISH 05/20/22 $270.00 $61,300 41 56
SELF CALL SCANNING NEUTRAL 04/29/22 $277.50 $58,600 104 50
SELF PUT SCANNING BULLISH 05/20/22 $270.00 $44.8,000 41 103
SELF CALL TRADE NEUTRAL 05/20/22 $262.50 $42,700 15 15
SELF PUT SCANNING BEARISH 05/20/22 $230.00 $30.3,000 474 233

Where is Avis Budget Gr at the moment?

  • With a volume of 278,119, the price of CAR is down -5.49% to $262.33.
  • RSI indicators suggest that the underlying stock is currently neutral between overbought and oversold.
  • The next results should be published in 4 days.

What the experts say about Avis Budget Gr:

  • B of A Securities cut its stock to Underperform with a price target of $240
  • Barclays upgraded its stock to Equal-Weight with a price target of $245

Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.

If you want to stay up to date on the latest options trading for {d[company_name]}, BenzingaProgives you real-time alerts on options trades.

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