Cree (CREE) volatility stays elevated after guiding its September quarter lighting sales to down

August 17, 2016 12:26 PM EDT

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Cree (NASDAQ: CREE) is recently down 15% on active August 23.5 calls and September 24 puts after the company guided its September quarter lighting sales to down 5%-10% quarter-over-quarter. August call option implied volatility is at 34, August is at 51, September is at 43; compared to its 52-week range of 29 to 59.

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