I have this GPS track in a metric grid (Symbology by elevation, if anyone wonders):

I need to define it's general area - for registrations and permits, with just 4 points. Therefore, I assume that the corners of a circumscribed quadrilateral polygon (4 lines) will do, as that will be the smallest possible polygon area-wise.
I don't know which Arcmap tools I can use to do it, though I imagine the result should look something like this:

With a polygon I can easily know the corners' coordinates, but if there's another way to extract them, I'm all ears.
Thanks in advance.
Edit:
This is the resulting convex hull tool:

