NetApp (NTAP) February volatility increases into Q3 and margin outlook

February 13, 2012 1:56 PM UTC
NetApp (Nasdaq: NTAP) February put option implied volatility is at 115, March is at 60, June is at 45; compared to its 26-week average of 47 according to Track Data, suggesting larger price movement into the expected release of Q3 results on February 15. ThinkEquity downgraded NTAP to Hold on a lackluster 8.1 Ramp, competitive pressure from EMC and pricing concerns.


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