Trucking Trash?

This from OptionMonster.com:

The bulls are stampeding into YRC Worldwide today, betting on a recovery for the debt-laden trucking company.Stock volume in YRCW was more than three times average and options activity was twice normal levels. The shares rallied sharply after todaystrucking.com reported management had appointed a new chief strategy officer and hired Tenex Capital Management to help manage its finances.YRCW rose 14 percent to $2.27 in late morning trading and is up 48 percent in the last month. The company, with a debt load of 10 times market cap, also benefited from positive headlines yesterday when Standard & Poor's removed it from CreditWatch list following concessions from the Teamsters union that will cut about $45 million in monthly expenses.YRCW rallied all the way to $2.90 when the labor news came out on Aug. 10 before returning to the $2 level. Options traders today are betting the stock will return to rally mode in coming weeks and aggressively purchased the October 2.50 calls for $0.40 to $0.65. Volume at 4,044 was below open interest. New money flowed into the October 4 calls, which traded 1,746 times. Most of the volume priced at $0.35. Calls in the name exceeded puts by 25 to 1, reflecting the bullish sentiment.Given the company's perilous finances and short interest of 29 percent on Aug. 11, YRCW apparently fits the "dash for trash" bargain-hunting trend that has emerged in recent weeks.

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