Option update 10-15-07: CNET volatility elevated into earnings report

CNet Networks (NASDAQ: CNET), a leading independent source of product information with detailed content on technology products, is expected to report EPS on 10/23. Over the last five years, CNET has been frequently mentioned as a buyout target of multimedia conglomerates. STFL says, "Moving to hold; still takeover upside; stand alone valuation less attractive." CNET November option implied volatility of 54 is above its 26-week average of 38 according to Track Data, suggesting increasing price risks.

America Movil (NYSE: AMX), provides wireless telecommunications service in Mexico, Argentina, Brazil, Colombia & Ecuador, announced on 10/10 its intention to pay a special dividend of US$1.85 ADR, shareholders will be called on or before 10/31 to approve the dividend. AMX is expected to announce EPS on 10/18. AMX has a market cap of $117 million. AMX overall option implied volatility of 34 is near its 26-week average according to Track Data, suggesting non-directional price fluctuations.

Daily options update is provided by Stock Specialist Paul Foster of theflyonthewall.com.