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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: HO-MEE who wrote (20234)	7/26/2000 12:50:59 PM
From: trouthead	Read Replies (1) \| Respond to of 28311

Does this imply the option traders are expecting GNET to trend down? Thanks, jb *****FRom YHOO News****** U.S. Options - Go2Net vols sharply higher CHICAGO, July 26 (Reuters) - Implied volatility in options of Go2Net Inc. (NasdaqNM:GNET - news) rose Wednesday on call buying as the stock of the Web site operator and technology provider slipped amid a lack of news. ``I have not seen anything. Earnings were out a few days ago,'' an options trader on the American Stock Exchange said, citing no other news for the spike in volatility and the recent interest in calls. Shares of Seattle-based Go2Net were off 1-5/8 to 60-1/2 on Nasdaq volume of about 656,400 shares in late morning trade. In the past 52 weeks, the stock has traded as high as 111-3/4 and as low as 35-3/4. But as of the July 18 close of 50-7/8, it has been trending higher. Implied volatility for the August 60 calls stood around 122 percent, up from about 105 percent on Tuesday, an options trader on the American Stock Exchange said. Early Wednesday, options volume died down considerably from the brisk activity on Tuesday. About 349 calls and 18 puts changed hands across the Amex and Chicago Board Options Exchange. A total of 3,079 contracts traded on Tuesday, of which 3,020 were calls and 59 were puts, up from its recent average daily volume of 910 contracts, according to McMillan Analysis Corp. Go2Net Inc. said last week that on a pro-forma basis excluding special items like stock compensation, fiscal third-quarter operating profits rose to $10.1 million, or 22 cents a share, compared to $3.1 million, or 7 cents a share a year earlier. Go2Net had been expected to earn 15 cents a share, according to consensus analyst estimates compiled by First Call/Thomson Financial.