Nordstrom (JWN) volatility flat into downgrade to Neutral at Citigroup

Nordstrom (NYSE: JWN) overall option implied volatility of 31 is near its 26-week average according to Track Data, suggesting non-directional price movement into a downgraded to Neutral from Buy at Citigroup and the firm lowering its price target for shares to $52 from $63.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Regions Financial (RF) call put ratio 41 calls to 1 put into quarter results
• SK Hynix (SKHY) call put ratio 1 call to 1.9 puts with a focus on 15K contracts of August 80 puts
• Alibaba (BABA) calls more active than puts