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Sara Lee (SLE) volatility of 30 at upper end of range

August 17, 2011 7:41 AM EDT
Sara Lee (NYSE: SLE) was upgraded to Buy from Neutral at BofA/Merrill with a price target of $21. Overall option implied volatility of 30 is above its six-month average of 24 according to Track Data, suggesting larger price movement.


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Bank of America, Options