Yahoo (NASDAQ-YHOO) recently down $1.85 to $24.25:
The WSJ reported Microsoft Corporation (NASDAQ: MSFT) was no longer willing to pay $33 for YHOO. YHOO call option volume of 66,999 contracts compared to put volume of 97,673 contracts. YHOO June & July option implied volatility of 50 was above its 26-week average of 40 according to Track Data, indicating larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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