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Option update: 2-8-08; CNet Networks call volume, volatility & share price Up

CNet Networks(NASDAQ:CNET) is recently up 54c to $8.22. Thomas Weisel Partners has a 12-month price target of $10 on CNET. JANA Partners LLC announced on January 7, 2008 that it will nominate seven people for election to CNET's Board of Directors at the next annual shareholder meeting. CNET call option volume of 19,148 contracts compares to put volume of 514 contracts. CNET March option implied volatility of 95 is above its 26-week average of 48 according to Track Data, suggesting larger price movement.

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

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Last updated: December 04, 2008: 02:20 PM

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