Microsoft (NASDAQ: MSFT) announced it has withdrawn its proposal to acquire Yahoo (NASDAQ: YHOO).
YHOO closed at $28.67 on May 4. YHOO closed at $19.18 on January 31, 2008, prior to MSFT's buyout offer on February 1.
YHOO May option implied volatility of 77 was above its 26-week average of 42 according to Track Data, indicating large uncertainty.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com











Reader Comments (Page 1 of 1)
5-06-2008 @ 8:44AM
CMD said...
AAPL would be smart to buy YHOO now that MSFT has walked away from the deal, especially since YHOO's shares are down.