Longer-dated options action in Yahoo! (NASDAQ: YHOO), Vanda (NASDAQ: VNDA)

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By 10:15 a.m. EST, more than 10,000 Yahoo! (NASDAQ: YHOO ) January 2011 15 puts crossed the tape at $1.69 , a penny below the ask price. Option investors most likely bought these puts, which are currently up two cents on the day and have an implied volatility of 33%. YHOO and Microsoft ( MSFT ) gained regulatory approval for a new search agreement yesterday, which could be a positive move for the companies, according to a Collins Stewart note released this morning. YHOO shares have dropped 20 cents to $44.04 so far today.

Vanda Pharmaceuticals (NASDAQ: VNDA ) options received a boost out of the gate from an investor who likely sold 5,000 September 12.5 calls. The investor colleted roughly $1 per contract. Current open interest of these options is 10,000 contracts, suggesting this call seller could have closed a long position. VNDA shares have dropped nine cents to $10.78 so far this morning. The company announced earnings of 34 cents a share on Feb. 16 and beat estimates by 18 cents.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Options

Referenced Stocks: MSFT , VNDA , YHOO

Karla Yeh

Karla Yeh

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