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Ryerson RYI (news,
chart,
quote) - RYI option implied volatility reveals average risk into EPS & Harbinger
RYI is a distributor and processor of metals. RYE is recently up $2.20 to $34.40 after Mitsui USA agreed to purchase STTX, a steel processor, for $30 a share. RYI has a market cap of $908 million. Harbinger Capital Partners owns a 9.7% stake in RYI. Harbinger has been seeking the election of seven directors to replace the existing RYI Board of Directors. RYI call option volume of 2,344 contracts compares to put volume of 520 contracts. RYI March option implied volatility of 37 is near its 26-week average according to Track Data, suggesting non-directional price risks.
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