Yahoo (NASDAQ: YHOO) closed at $27.61 Tuesday.
MSFT announced on May 5th the withdrawal of its proposal to acquire YHOO.
YHOO July option implied volatility of 37 is below its 26-week average of 41 according to Track Data, indicating decreasing price movement.
NASDAQ 100 (NASDAQ-QQQQ) overall implied volatility at 24; 26-week average is 27.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com









