Tempur-Pedic (TPX) volatility low as shares sell off on Q1 revenue and outlook

Tempur-Pedic (NYSE: TPX) is recently down $11.20 in the premarket on less than expected Q1 revenue. Wedbush say’s “Q1 disappoints due to marketing investments which should pay off in 2H.” Overall option implied volatility of 47 is below its 26-week average of 52 according to Track Data. Active call volume suggests traders are positioning for large price movement.

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