CAR – Avis Budget Group, Inc. – Bullish trading in Avis Budget Group, Inc. options is apparent this morning with shares of the car and truck rental services provider rallying 4.30% to $10.44 as of 10:50 am (ET). One early-bird optimist purchased a plain-vanilla debit call spread on the stock in order to position for continued appreciation in the price of the underlying shares through August expiration. The investor picked up 2,000 now in-the-money calls at the August $10 strike at an average premium of $1.76 apiece and sold the same number of calls at the higher August $12.5 strike for roughly $0.76 each. The average net cost of initiating the spread amounts to $1.00 per contract. Thus, the trader responsible for the bullish play is prepared to profit if CAR’s shares rally above the average breakeven price of $11.00 ahead of expiration day. Maximum potential profits of $1.50 per contract accumulate for the investor should shares of the underlying stock surge 19.7% over the current price of $10.44 to exceed $12.50 by August expiration.