VMware (VMW) February volatility at 47; Citigroup downgrades into Q4

VMware (NYSE: VMW) February call option implied volatility is at 47, April is at 42; compared to its 26-week average of 43 according to Track Data, suggesting larger near term price movement into the expected release of Q4 results on January 23. Citigroup downgraded the company to Sell from Neutral and lowered its price target to $80 from $87.

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