Shares of Arkansas Best Corp. (ABFS) are trading up .02 to 16.75.? The stock is trading near the 52 week high.
Today paper traded the ABFS Jun 17.5/20 call spread on a ratio 4950/9950 for .45.? Average volume is 871.? Open interest is 176 contracts.
The trade looks like a player looking for a higher bid in the ABFS buyout.? The 1 x 2 reduces the cost. ?
30-day implied volatility is 58%.?? 10-day implied volatility is 189%.? 30 day implied volatility is trading way below with the 10 Day Historical volatility.
Arkansas Best Corporation is a holding company through its subsidiaries is engaged primarily in motor carrier freight transportation.
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