Gannett Corp. (GCI) is trading down .17 to 17.73 this morning. GCI is trading just $2 off of its one-year highs of 19.76.
Late Thursday a large block of GCI Feb 17 puts traded 3,404 times for 0.78.?? Average contract volume is over 1,922 contracts per day in GCI.? Open interest was very light prior to the purchase and is now over 7,000 contracts the day after the block traded.? The implied volatility in Feb is up 1.3 points today. The trade looks to be buying puts.
30-day implied volatility is 34%.?? 10-day implied volatility is 30%.? 30-day implied volatility is trading over the 10-day historical volatility. ?
Gannett Co., Inc. is an international media and marketing solutions company, delivering content and services across an integrated, multi-platform portfolio.