Microsoft (NASDAQ: MSFT) proposed the acquisition of Yahoo (NASDAQ: YHOO) for $31 per share on Feb. 1. MSFT offer is payable in $31 cash or 0.9509 per share of MSFT. MSFT closed at $28.42 Friday.
MSFT over all option implied volatility of 31 is above its 26-week average of 27 according to Track Data, suggesting larger price movement.
Target (NYSE: TGT) is scheduled to release Q4 on Feb. 26.
BMO Capital said on Feb. 13, "We're maintaining our Underperform rating until earnings visibility improves."
TGT over all option implied volatility of 49 is above its 26-week average of 40 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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