Is the Options Market Predicting a Spike in Garrett Motion (GTX) Stock?

Core Insights - Investors in Garrett Motion Inc. (GTX) should monitor stock movements due to high implied volatility in the options market, particularly for the Jan 17, 2025 $3 Call option [1] Company Analysis - Garrett Motion is currently rated Zacks Rank 4 (Sell) in the Automotive - Original Equipment industry, which is in the bottom 35% of the Zacks Industry Rank [3] - Over the last 60 days, one analyst has increased the earnings estimate for the current quarter from 27 cents per share to 29 cents, with no downward revisions [3] Options Market Dynamics - The high implied volatility suggests that options traders are anticipating a significant price movement for Garrett Motion shares, indicating potential trading opportunities [4] - Seasoned options traders often seek high implied volatility options to sell premium, aiming for the underlying stock to not move as much as expected by expiration [4]