|Day Low/High||8.57 / 8.87|
|52 Wk Low/High||7.36 / 17.61|
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in YRC Worldwide Inc , where a total volume of 11,836 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 102% of YRCW's average daily trading volume over the past month, of 1.2 million shares.
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Investors in YRC Worldwide Inc saw new options begin trading this week, for the July 2018 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 241 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
In trading on Wednesday, shares of YRC Worldwide Inc crossed below their 200 day moving average of $11.82, changing hands as low as $11.32 per share. YRC Worldwide Inc shares are currently trading down about 6.3% on the day.
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Results include Operating Income of $40.1 million and Adjusted EBITDA of $81.4 million
Investors considering a purchase of YRC Worldwide Inc stock, but cautious about paying the going market price of $13.33/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2018 put at the $11 strike, which has a bid at the time of this writing of $1.02.
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