Perfect World (PWRD) volatility near average on wide movement into Q2

Perfect World (Nasdaq: PWRD) September call option implied volatility is at 61, October and December is at 54; compared to its 26-week average of 63 according to Track Data, suggesting non-directional near term price movement into the expected release of Q2 results on August 27. Citi Research has a $20.41 price target on the company and says "Weaker Q3 outlook may lead to short-term weakness."

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