Diamond Foods (DMDN) options active on afternoon rally

Diamond Foods (Nasdaq: DMND) May 24 and 25 calls are active on total call volume of 5K contracts (1K puts) on speculation it will provide an update shortly. May call option implied volatility is at 59, June is at 74, September calls are at 53; compared to its 26-week average of 62 according to Track Data.

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