Shares of Greenbrier Companies (GBX) are trading down today 2.44 to $18.15. GBX is trading sharply off of recent highs of $21.5.
Paper is buy the GBX Dec 20 calls and Dec 17.5 puts for scattered prices.? Volume of 4,531 calls and 1,533 puts traded. There were no large blocks going up.? Average contract volume is over 423 contracts per day.? Open Interest is 2,501 on the calls and 343 on the puts for these strikes.? The implied volatility exploded in Dec to 149%, up around 330% today in the Dec options. This looks to be mostly opening paper with more news to follow.
30-day implied volatility is 58%. 10-day implied volatility is 41%.? 30-day implied volatility is trading just over the 10-day historical volatility. ?
Greenbrier Companies is a large railroad transportation company.