Emulex (ELX) July volatility increases to 83 after Broadcom's raises bid to $11
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Emulex (NYSE: ELX): Emulex is recently down 13c to $9.91. Broadcom (Nasdaq: BRCM) raised its takeover offer for ELX to $11 from $9.25 on June 30. ELX call option volume of 10,714 contracts compares to put volume of 2,069 contracts. Emulex July option implied volatility has increased to 83 from a level of 59 from June 29, August is at 67; above its six-month average of 61, according to Track Data, suggesting larger price movement. Paul Foster
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