Hertz Warrants Offer a Good Alternative to the Stock. How to Play It.

Bulls on


Hertz Global Holdings


should consider the rental car company’s unusual and attractively priced warrants, which offer an alternative to Hertz common shares.

First, some details on


Hertz Global Holdings


warrants (ticker: HTZWW). They amount to long-term call options on the stock and trade around $10.50 while the stock changes hands at $18.77. The warrants have an exercise price of $13.80, meaning investors can buy Hertz shares at $13.80 through the maturity date in 2051.