24
09
2007
Option update: WSJ reports of MSFT in talks with Facebook; MSFT calls active
Posted by: in Stocks Money NewsFiled under: Microsoft (MSFT), Options
Microsoft (NASDAQ: MSFT) is recently up .77 to $29.41. The Wall Street Journal reported MSFT is in talks about an investment in Facebook. WSJ.com says “investment would value Facebook at $10 billion or more.” MSFT had cash & equivalents of $6 billion as of 6/30/07. MSFT call option volume of 96,641 contracts compares to put volume of 30,220 contracts. MSFT October option implied volatility of 23 is near its 26-week average according to Track Data, suggesting non-directional risk.
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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