Shares of Rayonier Inc. (RYN) are up .47 to 42.08.? RYN is near the bottom of the 52-week range.
Today paper traded 455 RYN Feb 45 calls for .80. The ADV is 345 contracts.? The OI is 591 contracts.
The volume went up in one block out of sequence.? Much of the paper was trading through the offer or on the bid so there are either call buyers or traders matching with stock.? This did look like a time spread at first but most of the paper seems to be buying.? Jan and Feb vol is slightly higher today.? Paper is looking for a bounce or some serious movement at least for some bottom fishers.? The paper looks opening.
30-day implied volatility is 22%.? ?10-day implied volatility is 14%.? 30-day implied volatility is trading above the 10-day historical volatility.
Rayonier Inc. (Rayonier) is a real estate investment trust (REIT).