Herbalife (HLF) volatility stays elevated on wide price movement

Herbalife (NYSE: HLF) is recently up $1.61 to $46.37 on Canaccord Genuity reiterating its Buy rating and $76 price target on support for Chinese growth. June put option implied volatility is at 69, below a level of 104 from May 16, August is at 78; above its 26-week average of 45 according to Track Data, suggesting larger price movement as speculation remains about share price performance and David Einhorn intentions.

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