
Upcoming Hertz 10+ Bagger
Greetings gentlemen,
Hertz has all the makings of a near term blow up. This stock has been absolutely battered down to ~$1.70 even though it was at $5 not six weeks ago. I believe it's disgustingly oversold and I'm going in hard on it.
They just reported much better than expected earnings this morning: $2.4 billion revenue versus $2.28 billion estimated, Adjusted EPS of -$0.11 vs. -$0.24 estimated, and an increase in Revenue per Day (RPD) of 9% year-over-year to $61.98. That
There are only 5 days to cover 97,000,000 shares sold short, which is 75% of the float. Do with that what you will.
Calls are absolutely dirt cheap right now as well. This could easily go to $3+ next week.
Here are my positions, not financial advice:
HTZ $2 calls 14Aug2026 x 500
HTZ $2.5 calls 14Aug2026 x 500
HTZ shares x 10,000