News Corp NWS (news,
chart,
quote) - NWS volatility at 80 into weak operating results
NWS is recently trading at $9 in pre-open trading, below its close of $9.83. NWS reported Q1 net income declined nearly 30% on weak advertising conditions. NWS December option implied volatility of 81 is above its 26-week average of 48 according to Track Data, suggesting larger price movement.
DISCLAIMER: RED Option, in an attempt to provide the best resources from some of the industry's most capable people, has introduced our Market Minute commentary. RED Option does not endorse this commentary or information as trade recommendations nor does it have any input whatsoever into the decision making. Any content for the Market Minute is the sole opinion of the author.
