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Option Boomers
By: Daily Options Report   Tuesday, July 24, 2007 2:46 PM

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Time for the Briefing Unusual Options Activity list, Special Buyout Boom is Over edition.

SLE calls are seeing interest after private equity chatter made the rounds. Seeing the most volume are the Aug 17.5 calls (volume: 6230, open int: 2260, implied vol: ~29%, prev day implied vol: 20%) -- earnings are expected in early Aug; COST calls are seeing interest as an early spike in the stock was attributed to LBO chatter. Seeing the most volume are the Aug 65 calls (volume: 10.0K, open int: 6170, implied vol: ~28%, prev day implied vol: 22%); EVVV Sept 20 calls (volume: 2510, open int: 450, implied vol: ~46%, prev day implied vol: 40%) -- the co acquired FOXH yesterday for $780 mln in cash and stock; FO Aug 85 calls (volume: 1840, open int: 640, implied vol: ~25%, prev day implied vol: 20%) -- earnings are confirmed on Friday (7/27) before the open; NOK Aug 30 calls (volume: 13.3K, open int: 6450, implied vol: ~36%, prev day implied vol: 31%) -- earning are confirmed on 8/2; YHOO calls are seeing interest after an early pop in the stock was attributed to renewed takeover chatter. Seeing the most volume are the Aug 27.5 calls (volume: 14.2K, open int: 44.4K, implied vol: ~38%, prev day implied vol: 33%); CEN Sept 35 calls (volume: 2010, open int: 0, implied vol: ~17%, prev day implied vol: 13%) -- earnings are confirmed on Thursday (7/26) before the open...

Yep, private equity rumors, LBO chatter, renewed takeover chatter. Whether it's over or not, the market still seems to take these rumors seriously. Someone please alert the 'stash-less Bill Gross.

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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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