Fusion-io (FIO) volatility low on wide price action

Fusion-io (NYSE: FIO) is recently up $1.03 to $24.75 in the premarket. ThinkEquity has a $34 price target on the company and say’s “4QFY12 guidance sets up another low bar that we believe remains likely to be overcome, we reiterate our Buy rating.” Overall option implied volatility of 62 is below its 26-week average of 73 according to Track Data, suggesting decreasing price movement.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Micron Technology (MU) call put ratio 1.2 calls to 1 put into quarter results
• FedEx (FDX) call put ratio 1 call to 2.8 puts with a focus on June 26 weekly 325 puts into quarter results
• Genco Shipping & Trading Limited (GNK) 8400 contracts of August 30 calls trade, share price up 5.5%