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Adobe (ADBE) October put volatility elevated into Q3 results

September 16, 2011 2:36 PM EDT
Adobe (Nasdaq: ADBE) is expected to release of Q3 results on September 21. JMP Securities lowered it rating to Market Perform from Market Outperform. October put option implied volatility is at 50, January is at 45; above its six-month average of 37 according to Track Data, suggesting larger price movement.


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JMP Securities, Options