The Gannett Co. Inc. (GCI) was trading up yesterday .12 to 21.18.? GCI is trading close to the 52-week highs.
Yesterday, 4,000 GCI May 20 puts traded .65. ?Average volume is 3,182 contracts per day in the name.? Open interest is 1,242 contracts in the strike.
The fresh open Interest suggests buying paper possibly as a hedge into earnings on April 23. The IV is up 2.9 points in May.
30-day implied volatility is 45%.? 10-day implied volatility is 35%.? 30-day implied volatility is trading below 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. The Company?s portfolio of national brands includes USA TODAY and CareerBuilder.