Yahoo (NASDAQ: YHOO) is recently up $2.68 to $24.02.
Microsoft (NASDAQ: MSFT) confirmed the interest in restarting talks to acquire some or all of YHOO, but only if the company's board is replaced at next month's annual meeting.
YHOO call option volume of 180,120 contracts compares to put volume of 71,616 contracts. YHOO July option implied volatility of 68 is above its 26-week average of 43 according to Track Data, indicating larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com










