Salesforce.com (CRM) May put volatility elevated at 114 into Q1

Salesforce.com (NYSE: CRM) is expected to release Q1 results after the market close on May 17. Deutsche Bank has a $215 price target on CRM and say’s “Long-term growth opportunity, with a bit more caution ahead of Q1.” May put option implied volatility is at 114, June is at 59, August is at 55; above its 26-week average of 49 according to Track Data, suggesting larger near term price movement.

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