CONTRACT/STRIKE Volume OpInt
JUL08 $20.00 CALLS 1,325 24,212
JUL08 $22.50 CALLS 5,686 62,101
JUL08 $25.00 CALLS 8,221 112,594
JUL08 $27.50 CALLS 1,800 207,924
AUG08 $25.00 CALLS 4,152 40,960
AUG08 $27.50 CALLS 1,064 8,940

Yahoo options are frequently among the most actives, bu the volume here is just steadily rising. We’d alert that anyone hoping for that old $33 buyout offer even if Microsoft comes back would be analogous to making Dr. Pangloss look like Doubting Thomas.

Yahoo! shares themselves are also active. We have seen a 10% rise to $23.56 on already more than 50% of a normal trading day’s entire volume (in under 45 minutes).

Jon Ogg
July 7, 2008