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TD Ameritrade Chief Strategist On Family Dollar Stores Ahead Of Earnings

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Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan commented on the volatility of Family Dollar Stores, Inc. (NYSE: FDO).

Kinahan noted that the stock's implied volatility was at the 80th percentile, however, the historical volatility was at the 2nd percentile.

"The stock has had a lot of gaps in the last year," Kinahan observed, and it showed increased volatility in early 2014 while trading in a "very tight range" during 2015.

Option buying was seen in the May $80 Calls, however, trading activity was relatively low from Kinahan's perspective.

Family Dollar is due to release Q2 earnings Wednesday morning and recently traded at $79.33, up 0.24 percent.

Kevin Riley and Brianna Valleskey contributed to this report.

Posted-In: JJ Kinahan TD AmeritradeOptions Exclusives Markets Trading Ideas

 

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