Record option volume in Yellow Freight as shares surge. Nearly 60k contracts have traded in Yellow Corp this morning as shares lift nearly $1.09, or 62%, to $2.85 following a jump of more than $1, or 140% on Monday. This week’s surge comes after the company announced plans to declare bankruptcy over the weekend, and may be fueled by short sellers who are facing difficulty locating shares to short. Current options data indicates a cost of nearly 160%, annualized, to short the stock.
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