Express (EXPR) volatility elevated into shares trading lower on Q2 results and weak guidance

Express (NASDAQ: EXPR) is recently down $2.44 to $13.60 in the premarket after reporting less than expected Q2 results and lower FY16 guidance. June call option implied volatility is at 65, July is at 51; compared to its 52-week range of 28 to 74.

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