Yelp (YELP) volatility elevated into better than expected Q2 results and outlook

Yelp (NYSE: YELP) reported Q2 EPS of 1c, 8c better than the analyst estimate. Revenue for the quarter came in at $173.4M versus the consensus estimate of $169.8M. August weekly call option implied volatility is at 180, August is at 103, September is at 65; compared to its 52-week range of 41 to 105.

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