CBS (NYSE: CBS) closed at $22.51 Monday.
The New York Times reported CBS has been in discussions with TWX about a deal to outsource some of its news-gathering operations to CNN.
CBS overall option implied volatility of 33 is near its 26-week average according to Track Data, suggesting non-directional fluctuations.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com










