Shutterfly (SFLY) volatility elevated; shares lower on outlook

Shutterfly (Nasdaq: SFLY) is recently down $2.53 to $22.59 in the premarket following the company seeing FY12 EPS 25c-28c vs. consensus 52c. Overall option implied volatility of 79 is above its 26-week average of 65 according to Track Data. Craig-Hallum say’s “Weak guidance assumes competitive discounts continue all year. Maintaining Buy and $32 price target.”

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• BJ's Wholesale Club (BJ) call put ratio 1.3 calls to 1 put into quarter results
• Microsoft (MSFT) spreader of 2800 contracts of October 455 puts and October 490 calls
• Norwegian Cruise Line (NCLH) call put ratio 1 call to 2.4 puts amid price movement