Herbalife (HLF) September calls active after Icahn announced purchasing another 2.3M shares

August 29, 2016 10:54 AM EDT

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Herbalife (NYSE: HLF) September 64.5 and 65 calls are active after Carl Icahn announced Friday night the purchase of another 2.3M shares, adding that he continues to believe in the company and that he never ordered a sale of his holdings, contrary to statements by Bill Ackman earlier in the day. September weekly call option implied volatility is at 45, September is at 42, October is at 39; compared to its 52-week range of 28 to 84.

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