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Novellus NVLS (news,
chart,
quote) - NVLS Option implied Volatility near average prior to Mid-quarter Update
NVLS is up .40 to 24.20 prior to conducting its mid-quarter update after the close tonight. PIPR say's "we expect management to raise the booking guidance slightly." PIPR has a $26 price target on NVLS. NVLS option implied volatility of 34 is near its 26-week average. NVLS intra-day call option volume of 5,902 contracts compares to intra-day put volume of 4,306 contracts. Average option implied volatility suggests non-directional price fluctuations or risk.
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