Watching Avis Budget Gr’s recent whale trades

Someone with a lot of money to spend has taken a bullish 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 47 unusual option trades for Avis Budget Gr.

It is not normal.

The general sentiment of these big traders is split between 61% bullish and 38% bearish.

Of all the special options we discovered, 23 are put options, totaling $1,044,644, and 24 are call options, totaling $1,090,451.

What is the target price?

Given the volume and open interest on these contracts, it appears whales have been targeting a price range of $95.0 to $500.0 for Avis Budget Gr over the past 3 months.

Development of volume and open interest

Reviewing volume and open interest is an insightful way to perform due diligence on a security.

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 in calls and puts, respectively, for the entire whale business of Avis Budget Gr within a strike price range from $95.0 to $500.0 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 CALL SCANNING BULLISH 05/20/22 $450.00 $136,600 3 271
SELF PUT TRADE BULLISH 08/19/22 $300.00 $111,800 2 20
SELF CALL SCANNING BULLISH 05/20/22 $380.00 $86.4K 35 351
SELF PUT SCANNING BULLISH 06/17/22 $260.00 $78,000 15 91
SELF PUT SCANNING BULLISH 06/17/22 $260.00 $78,000 15 51

Where is Avis Budget Gr at the moment?

  • With a volume of 1,332,818, CAR’s price is up 10.24% to $314.56.
  • RSI indicators suggest that the underlying stock may be close to overbought.
  • The next results should be published in 12 days.

What the experts say about Avis Budget Gr:

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

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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