Research in Motion (RIMM) volatility elevated; shares near five-year low

Research in Motion (Nasdaq: RIMM) is recently down 23% to $22.65 following a drop in a Q2 profit and guidance. RW Baird lowered its price target to $20 from $28. October put option implied volatility is at 81, November at 75; above its six-month average of 52 according to Track Data, suggesting larger price movement.

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