Rediff.com India (REDF) calls active on wide price movement

Rediff.com India (Nasdaq: REDF) is recently down $1.94 to $14.50. May 15 and 17 calls are active. May call option implied volatility is at 107, June and July is at 96; compared to its six-month average of 96 according to Track Data. Elevated option volume and volatility suggests larger price movement.

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