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LDK Solar (NYSE: LDK) reported Q3 EPS of 37 cents, meeting expectation.
LDK Q3 revenue rose 60% quarter over quarter to $158.7 million.
CIBC says: "We would look to become more aggressive on the shares at around high $40s/low $50s level, once the valuation premium dissipated."
LDK January option implied volatility of 133 and March of 107 is above its 23-week average of 103 according to Track Data, suggesting larger risk.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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