Rackspace (RAX) February volatility elevated into Q4 and outlook

Rackspace (NYSE: RAX) February call option implied volatility is at 87, March is at 49; compared to its 26-week average of 49 according to Track Data. Active call volume suggests traders positioning for larger price movement into the expected release of Q4 results today after the market close. Wells Fargo has an Outperform rating on the company.

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