(Reuters) - These calls with strike prices slightly above the stock's spot price, fetched 75 cents a contract, up 55 cents on the day. Investors often turn to out-of-money calls because they can put the least amount of money at risk and realize the highest return if a merger does occur.
"Given the recent consolidation among online brokers, the rumor might have some merit," said Frederic Ruffy, analyst at options education firm Optionetics in Redwood City, California.
Read more at Reuters.com Hot Stocks News
"Given the recent consolidation among online brokers, the rumor might have some merit," said Frederic Ruffy, analyst at options education firm Optionetics in Redwood City, California.
Read more at Reuters.com Hot Stocks News
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