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J.C. Penney (JCP) volume, volatility and share price increase on Apple retail chief named as President

June 14, 2011 11:46 AM EDT
J.C. Penney (NYSE: JCP) is recently up 9% following Apple (Nasdaq: AAPL) retail chief, Ron Johnson, named as CEO successor, WSJ reports. Call volume of 38K contacts compares to 9K puts. July call option implied volatility of 39 is above its six-month average according to Track Data.


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