Herbalife (HLF) volatility flat into Icahn purchasing another 2.3M shares

August 29, 2016 6:41 AM EDT

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Herbalife (NYSE: HLF) is recently up $2.42 to $62.92 in the premarket after Carl Icahn announced 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 46, September is at 44, October is at 41; compared to its 52-week range of 28 to 84.

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