Red Hat (RHT) volatility elevated; shares sell off on profit taking

Red Hat (NYSE: RHT) is recently down $2.30 to $43.75 on Q3 revenue $290M vs. consensus $289.62M. Citigroup Global Markets say's "Strong Nov Q but FX crimps upside". Overall option implied volatility of 47 is above its 26-week average of 43.

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