Salesforce.com (CRM) volatility elevated into better than expected guidance

Salesforce.com (NYSE: CRM) is recently up $9.10 to $142.90 in the premarket following the release of better than expected Q1 and outlook. Piper Jaffray say’s “Guidance increase reflects strong pipline, ability to deliver outstanding year.” Overall option implied volatility of 70 is above its 26-week average of 49 according to Track Data.

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