Rediff.com India (REDF) May volatility elevated at 111 after sharp five-week rally

Rediff.com India (Nasdaq: REDF) is recently up 2.3% to $16.55. May 17 and 20 calls are active on total call volume of 4K contacts (2K puts). May call option implied volatility is at 111, June is at 106, July is at 95; compared to its six-month average of 95 according to Track Data. Elevated option volatility suggests large price movement.

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