Cablevision CVC (news,
chart,
quote) - CVC volatility stays elevated after shares sell off on Outlook
CVC is recently down 47c to $15.70. Kaufman Bros say's "We are trimming our price target to $21 from $28; reiterating our Hold rating." CVC December option implied volatility of 81is above its 26-week average of 56 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.
