Shares of Gerdau SA (GGB) are down .21 to 6.14 today. ?GGB is at the bottom of the 52 week range.
Today paper traded 5000 GGB Dec 6 puts at .41.? The ADV is 834 contracts. The OI is 753 contracts.
The volume went up in 1 block marked spread.? Several small trades went up afterwards marked buywrite where the customers are buying puts and stock.? The .41 trade was near the bid marked spread with no countervailing position.? This is probably a short put and stock position on some ration where the trader is not expecting much movement.
?30-day implied volatility is 30%.?? 10-day implied volatility is 19%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Gerdau SA is a Brazil-based holding company engaged in the manufacture and sale of steel products.?