Research in Motion (RIMM) volatility elevated into Q3 results

Research in Motion (Nasdaq: RIMM) January put option implied volatility is at 72, February is at 71; above its one-year average of 51 according to Track Data, suggesting larger price movement into the expected release of Q3 results on December 15. Citigroup Global Markets maintains a Sell rating with a $15 price target.

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