J.C. Penney JCP (news,
chart,
quote) - JCP December volatility Elevated; shares near five-year low
JCP is recently up 78c to $22.68. JCP is scheduled to report Q3 EPS on November 14. JCP said on November 6 it expects Q3 EPS to be in the range of 53c to 55c. JCP November option implied volatility is at 83, December is at 92; above its 26-week average of 54 according to Track Data, suggesting larger price movement in December.
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