Huge collapse in YHOO's IV

in the last couple of hours ( ATM OCT straddle down 50 cents) , reporting today AC. I wonder if earnings became "irrelevant" again (CNBC), because everyone is watching Int Rates
 
Quote from IV_Trader:

in the last couple of hours ( ATM OCT straddle down 50 cents) , reporting today AC. I wonder if earnings became "irrelevant" again (CNBC), because everyone is watching Int Rates
Yahoo is non-direction at the moment. The stock is range bound, hence the collapse in IV. Even a sharp rise to $38/share might not change the outlook.
 
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