Stryker (SYK) is up 48 cents to $33.07 on talk Baxter (BAX) might be eyeing the company. 11,000 calls aad 368 puts traded, with speculative buying seen in April 35, April 40, and May 40 calls.
This one could make sense, as medical device industry has been consolidating in recent years.
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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.