SolarCity volatility may move on upgrade to Conviction Buy at Goldman SolarCity option implied volatility may pick up on upgrade to Conviction Buy from Neutral at Goldman. Overall option implied volatility of 67 is above its 26-week average of 63 according to Track Data, suggesting large price movement.
SolarCity reiterated as a top pick at Goldman Goldman believes SolarCity's $500M convertible offering yesterday, the closing of its Silevo acquisition, and New York state financing package removes an overhang. The firm views recent weakness as an attractive entry point and reiterates SolarCity as a top pick in the sector. Shares are Conviction Buy rated with a $96 price target.
Stocks with call strike movement; SCTY TWTR SolarCity (SCTY) February 72.5 call option implied volatility decreased 3% to 54, Twitter (TWTR) January 62.5 call option implied volatility increased 2% to 47 according to IVolatility.