Dollar Thrifty (DTG) lost 10 cents to $48.05 yesterday and the Sep – Oct 55 call spread traded at 42.5 cents, 5000X in midday trading Monday. Open interest data indicates a roll from one month to the next. Shareholders are currently trying to derail Hertz’s takeover attempt of Dollar Thirfty, according to the New York Times (8/25). Avis has als expressed interest in DTG. This strategist might be looking for DTG to get a higher offer before all is said and done. Now, by rolling out to October, they’re buying an exta month for things to play out.

1 user commented on " Dollar Thrifty Automotive Group Inc (DTG) $47.90 +0.36% "
Follow-up comment rss or Leave a TrackbackThe spread was trading again today as I wrote the update.