After posting earnings report we've seen a 3 day selloff possibly coming to an end, creating a call opportunity.
The stock is testing 2008-2009 support levels around 10, with fibonacci retracement levels at 0%. Entering an area of demand with an oversold RSI and Stoch (TAS).
Once the selloff ceases and possible entry at the demand level, 15,59% or 17.47 million shares have been shorted, with an average daily volume of 4.02 million we might see a possible 4.34 day short squeeze.
Nevertheless, HTZ is in a clear down trend but with a possible reversal. Opening an opportunity to buy June 16 calls at a strike price of 12.5, hedging the investor against trend continuation.