Ryder calls active following upgrade to Buy Ryder November 40 and 41 calls are active on total call option volume of volume of 4,500 contracts (300 puts). October call option implied volatility is at 35, November is at 32; compared to its 26-week average of 33 according to Track Data. Active volume suggests traders are positioning for movement following an upgrade to Buy from Neutral at SunTrust.
Ryder sees Q1 comparable EPS $1.03-$1.08, consensus $1.16 First quarter comparisons reflect significant used vehicle sales headwinds and softer rental performance in 2016, as well as an atypical fuel benefit in the prior year. First quarter earnings comparisons exclude pension costs of $0.07 per diluted share in 2016.