Yahoo (NASDAQ: YHOO) is recently down 45 cents to $22 in pre-open trading.
YHOO announced it reached an agreement with Carl Icahn to settle their proxy content. Under the terms of the settlement agreement, Carl Icahn will be appointed to YHOO's board of directors. YHOO Q2 EPS are scheduled for July 22. YHOO annual shareholder meeting is scheduled for August 1st.
YHOO August option implied volatility of 77 is above its 26-week average of 45 according to Track Data, indicating larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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