Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

NTES-$62 pre market (-20%)-Goldman says SELL

Netease.com-NTES implied Volatility at 81 prior to weak guidance

NTES is down 14.99 to 64.25 in pre-opening trading. In pre-market trading NTES has had 626 trades on contract volume of 169,500 shares at a VWAP of $64.07. GSCO say's "3rd quarter miss; few redeeming features as competition hurts game revenues; keep $59 target." NTES November option implied volatility was at 81 prior to the EPS report. Above average option implied volatility suggested larger price fluctuations or risk.