Shares of Goodyear Tire and Rubber Co. (GT) are trading 27.57 today. GT is near the upper end of the 52 week range.
Today paper traded 7736 GT Jul 25 Weekly 28 calls for .45. ?The ADV is 6044 contracts.? The OI is 229 contracts.
The volume went up in 1 block.? Trade on the day is over 14244 contracts as paper continues to bid up these calls.? The Jul IV is up 4 points and this is prior to earnings.? Traders are expecting a big lift in the stock.
30-day implied volatility is 27%.?? 10-day implied volatility is 23%.? 30 day implied volatility is trading above the 10 realized volatility
The Goodyear Tire & Rubber Company is a manufacturer of tires.