Sears Holdings (SHLD) volatility elevated; shares rally on plan to spin-off part of Canadian unit

Sears Holdings (Nasdaq: SHLD) is recently up $3.74 to $54.61 in the premarket after reporting Q1 adjusted EPS (31c), consensus (67c). Overall option implied volatility of 69 is above its 26-week average of 53 according to Track Data, suggesting larger price movement.

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