Varian (VAR) is up 27 cents to $33.35 and May calls at the 35, 40, and 45 strikes are seeing active trading on renewed takeover chatter. The company was the subject of similar speculation on April 9 (Link to story). Today’s version mentions Siemens (SI) as a possible bidder. 6,150 calls traded so far, compared to only 28 puts.
About the Author (Author Profile)
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.