Shares of GOL Linhas Aereas Inteligentes SA (GOL) are trading up .41 to 7.35.? GOL is trading $1 from its 52-week highs.

Today 1,000 GOL Jul 5 puts traded for 0.25. Average volume is 140 contracts per day in the name.? Open interest is 94 contracts in the puts.

The trade looks to be a buyer of puts and the trade was marked spread, although there is nothing of size against it that has printed yet.? There is very large OI in the Apr 5 puts so this could be a roll.? The Apr IV is up 6.7 points.

30-day implied volatility is 61%.?? 10-day implied volatility is 51%.? 30-day implied volatility is trading above the 10-day historical volatility.

Gol Linhas Aereas Inteligentes SA (Gol) is a Brazil-based holding company primarily engaged in the passenger air transportation sector.