YELP (YELP) volatility elevated on wide share price movement

YELP (NYSE: YELP) May call option implied volatility is at 70, puts at 84, June calls are at 64, puts at 81; above its 6-week average of 47 according to Track Data. Elevated put volatility compared to calls suggests shares are difficult to borrow and traders taking positions for wider price movement.

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