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Cree CREE (news,
chart,
quote) - CREE volatility Elevated on GE takeover chatter & hard to borrow
CREE, a manufacture of semiconductors for solid state lighting, is recently up $.85 to $25.15 on unconfirmed GE takeover chatter. CREE September call option implied volatility is at 41, puts are at 51. CREE's 26-week average option implied volatility is 39 according to Track Data, suggesting larger price fluctuations. CREE put implied volatility is higher than calls because CREE is difficult to borrow.
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