New Oriental Education (EDU) volatility elevated on wide price movement

New Oriental Education (NYSE: EDU) issued a press release this morning responding to some of the allegations raised, asserting that it stands by its prior statements regarding its 664 schools and learning centers. August put option implied volatility is at 137, October is at 120; above its 26-week average of 52 according to Track Data, suggesting larger price movement on the announcement.

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