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Cooper Companies (COO) volatility spikes on sharp sell off

October 12, 2011 7:42 AM EDT
Cooper Companies (NYSE: COO) sold off on October 11 on Avaira Toric uncertainty. Wells Fargo says "Concerns are overblown." October put option implied volatility is at 77, November is at 63; above its six-month average of 33 according to Track Data, suggesting traders taking positions for downside price movement.


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