NetApp calls active on renewed takeover chatter NetApp March 34 weekly and March 36 calls are active on total call volume of 7,800 contracts (1,500 puts). March call option implied volatility is at 38, April and May is at 34; compared to its 26-week average of 35 according to Track Data. Active call volume suggests traders taking positions large price movement following renewed takeover chatter.
News For NTAP From The Last 14 Days
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NetApp downgraded to Neutral from Buy at UBS UBS downgraded NetApp to Neutral citing rising competition and a "mediocre" outlook for storage spending. The firm lowered its price target for shares to $40 from $50.