Cirrus Logic (CRUS) May volatility elevated on Apple results and into Q4

Cirrus Logic (Nasdaq: CRUS) a chip supplier to Apple (Nasdaq: AAPL) is recently up $1.85 to $22.65 after Apple reported better than expected results and growth. CRUS is expected to release Q4 results today after the market close. May call option implied volatility is at 67, June is at 55; near its 26-week average of 54 according to Track Data.

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