Cree (CREE) call volume and volatility elevated

Cree (Nasdaq: CREE) is expected to release Q1 results on October 18. CREE October 27 and November 30 calls are active on total call volume of 13,400 contracts (2,500 puts). October call option implied volatility is at 122, November is at 89, December is at 86; compared to its six-month average of 60 according to Track Data, suggesting larger price movement.

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