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Wall Street is suprisingly calm on Sony
There may be an option play with Sony Corp. (SNE.N).
Given the company’s recent woes production delays that are stalling the release of PlayStation 3 (PS3), Toshiba’s recall of 340,000 Sony batteries amid a failure to properly charge, and those combustible laptop batteries – you’d think Wall Street would be feeling increasingly jittery. It doesn’t appear to be. The stock’s volatility is mired at the low end of its 12-month range.
As we move into next year, both defenders and critics of Sony will surely seek to seize the initiative. While we can’t forecast which side will ultimately wind up on top, the journey from here to there might prove interesting for those who position themselves to profit from increased volatility.