Bullish flow in BlackBerry (BB), with shares up $1.20, or 17.97%, near $7.84. Options volume extremely heavy with 204k contracts traded and calls leading puts for a put/call ratio of 0.22, compared to a typical level near 0.26. Implied volatility (IV30) is up nearly 15.0 points near 88.68, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.44. Put-call skew flattened, suggesting a modestly bullish tone.
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