Yahoo Inc (YHOO) $14.62 +5.03%
Call volume in Yahoo (YHOO, news, chart, volatility) surged yesterday after Google announced plans to end its search partnership with the company. The talk fueled speculation that Yahoo’s next move might be with Microsoft (MSFT) and that in turn triggered gains in the shares as well as a jump in YHOO call activity. 203,000 contracts traded on the day, compared to 65,000 puts. Today, shares are up 79 cents to $14.71 after the company’s CEO said a deal with Microsoft remained its best option–Reuters.
Category: All Stocks, Large Cap Stocks, Software & Computer Services
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
