NetApp (NTAP) volatility elevated into less than expected guidance

NetApp (Nasdaq: NTAP) is recently trading down $6.11 to $26.75 in the premarket on less than expected guidance. Sterne Agee lowered its rating to Hold from Buy. May call option implied volatility was at 200, June is at 69, July is at 52, September is at 45; compared to its 26-week average of 40 according to Track Data.

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