National City (NCC) is trading to session highs, up 59 cents to $10.07 and the options are beginning to see action on chatter HSBC (HBC) is possibly looking to make a bid for the company. Yesterday, NY Dealbook had an article that mentioned NCC as a takeover candidate. On March 13, NCC puts and calls saw heavy trading on reports the company was looking for buyers.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.