Ctrip.com (CTRP) volatility elevated on better than expected Q1 results

Ctrip.com (NASDAQ: CTRP) is recently up $1.75 to $41 in the premarket on the travel management company sees Q2 net revenue growth to continue at roughly 70%-75%. June call option implied volatility is at 168, July is at 52; compared to its 52-week range of 35 to 69.

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