Trade Idea: Hertz

Trade Idea: Hertz

Trade Idea

HTZ $2.50 Call 10/23 Expo @ .62 Entry

Target: $4

Stop: 50% MAX Loss

Current Price: $2.69

Implied Move: 52.65%      Theoretical Expires in 7 days

Trade Description: Hertz Global shares are trading higher after the company announced it secured commitments of $1.65 billion in debtor-in-possession financing. (10.16.20)