Option update 5-1-07: NYT volatility spikes following NWS interest in Dow Jones

Dow Jones (NYSE: DJ) implied volatility Flat prior to CNBC report of NWS bid.

NWS makes $60 dollar bid for DJ according to CNBC's David Faber.
DJ overall option implied volatility of 24 was near its 26-week average according to Track Data prior to DJ trading halt, suggesting non-directional risk before report.

New York Times (NYSE: NYT) volatility spikes on NWS interest in DJ reported by CNBC.

NYT is recently up $1.82 to $25.21. NWS makes $60 dollar bid for DJ according to CNBC's David Faber.
NYT May option implied volatility of 27 is above its 26-week average of 23 according to Track Data, suggesting larger price risk.

Option volume leaders today are: Apple Inc. (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN) and Dendreon Corp. (NASDAQ: DNDN).

Daily Option Update is provided by Stock Options Specialist Paul Foster of theflyonthewall.com.

Tags: aapl, Amazon, amzn, Apple Computer, AppleComputer, Barrons, CNBC, dj, Dow Jones, DowJones, New York Times, NewYorkTimes, nws, nyt, Option Update is, OptionUpdateIs, smart money, SmartMoney, The Wallstreet Journal, TheWallstreetJournal

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