Expedia, Inc. (NASDAQ: EXPE) is recently up $1.77 to $23.51. Shares are higher on rumors that Barry Diller wants to take EXPE private.
EXPE has a market cap of $6.3 billion with long term debt of $740 million and cash of $697 million. EXPE reported 2007 annual revenues of $2.6 billion. EXPE call option volume of 12,488 contracts compares to put volume of 1,045 contracts. EXPE June option implied volatility of 45 is above its 26-week average of 37 according to Track Data, suggesting larger risk.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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