That’s what whales bet on Avis Budget Gr

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’s 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 20 unusual option trades for Avis Budget Gr.

It’s not normal.

The general sentiment of these big traders is split between 25% bullish and 75% bearish.

Of all the special options we discovered, 4 are put options, totaling $132,528, and 16 are call options, totaling $861,767.

What is the target price?

Given the volume and open interest on these contracts, it appears whales have been targeting a price range of $225.0 to $320.0 for Avis Budget Gr over the past 3 months.

Development of volume and open interest

Watching volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest of Avis Budget Gr options for a given strike price. Below we can observe the evolution of volume and open interest of calls and puts, respectively, for all Avis Budget Gr whale trades within a strike price range of 225, $0 to $320.0 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. Dated Strike price Total trade price open interest Volume
SELF CALL TO SWEEP UP BEARISH 01/04/22 $295.00 $116,000 1 52
SELF CALL TO SWEEP UP BULLISH 04/14/22 $250.00 $86.6K 30 40
SELF CALL TO SWEEP UP BULLISH 04/14/22 $250.00 $77.9,000 30 18
SELF CALL TO SWEEP UP BEARISH 04/14/22 $300.00 $73,100 278 116
SELF CALL TRADE BULLISH 05/20/22 $290.00 $58.8,000 301 15

Where is Avis Budget Gr at the moment?

  • With a volume of 997,971, CAR price is down -6.64% to $278.21.
  • RSI indicators suggest that the underlying stock may be overbought.
  • The next results should be published in 45 days.

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.

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