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Options Market Activity Fuels Microsoft - Yahoo Acquisition Rumors

Within days (of Google's deal with AOL), speculation was rampant that Microsoft, determined to keep itself in the game, had offered to buy Yahoo Inc. for $80 billion. If rumors were to be believed, the Microsoft bid a premium of more than 30% over the Web giant's current market value was rejected by Yahoo as too low. Now, Reuters reports that the options market for Yahoo shares is heating up as well: On Tuesday, a combined total of 103,673 Yahoo options traded in the U.S. options market -- dominated by more than 81,000 calls, more than its normal volume of 35,449 contracts, according to market research firm Track Data.

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