Pandora (P) volatility elevated; shares rally on Q2 results

Pandora (NYSE: P) is recently up 5.5% in pre-open trading following a Q2 loss. Citigroup Global Markets say's "Positive Q2; mobile Ad $$ playing music to our ears' Reit Buy." Overall option implied volatility of 78 is above its two-month average of 66 according to Track Data, suggesting larger price movement.

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