Goodyear Tire and Rubber Co. is trading 12.25 up .09 today.? GT is trading in the middle of the 52-week range.
Today paper traded 14,078 GT May 13 calls for 0.35. ?Average volume is 4,287 contracts per day in the name.? Open interest is 729 contracts in the strike.
The calls look like a large bullish bet to catch the earnings cycle with the volume going up in the middle.? The calls are already in the money as of this writing.? The IV30 holding the May options exploded 11 points to 45.9%
30-day implied volatility is 45.9%.? 10-day implied volatility is 18%.? 30-day implied volatility is trading above the 10-day historical volatility.
The Goodyear Tire & Rubber Company is a manufacturer of tires.