Shares of XPO Logistics Inc. (XPO) are down .14 to 26.02 today. ??XPO is at the upper end of the 52-week range.
Today paper traded 2018 XPO Feb 22.5 puts for .40.? ADV is 440 contracts.? The OI is 546 contracts.
The volume went up in one block closer to the asking price.? The volume on the strike is 3896 today with most of the paper looking like buys.? This is an aggressive put buy prior to earnings and could be a short term protection for a long position.? The earnings date might change if the paper is correct.? The IV is up 11 points in the Feb term expiring before expiration.?
30-day implied volatility is 50%.? ?10-day implied volatility is 30%.? 30-day implied volatility is trading above the 10-day historical volatility.
XPO Logistics, Inc. is a logistics provider of freight transportation services. The Company?s operations consist of three business units: expedited transportation, freight forwarding and freight brokerage.?