Shares of RR Donnelley and Sons Co.(RRD) are down .44 to 18.40.? RRD is near the top of the 52-week range.
Today paper traded 2,068 RRD Jan 2014 20 calls for 1.30-1.42. The ADV is 1,246 contracts.? The OI is 1,368 contracts.
The volume went up in one big block and several scattered small blocs on multiple exchanges.? This trade was near lifting the offer in a .15-.20 wide market so the call buyers were very aggressive.? The buyer looks like they want a long position out 1 year.? The IV is up 3 points in Jan 2015.
30-day implied volatility is 31%. ? 10-day implied volatility is 21%.? 30-day implied volatility is trading above the 10-day historical volatility.
R.R. Donnelley & Sons Company (RR Donnelley) is a global provider of integrated communications. The Company’s segments include U.S. Print and Related Services, International and corporate.