Barnes and Noble Inc (BKS) $23.39 +6.37%
Barnes and Noble (BKS) is up $1.32 to $23.31 and options volume is 3X the average daily on renewed takeover speculation — Fly on the Wall. Most of the options action is in the April and May 20, 22.5 and 25 calls and has been in smaller lots. The top trade is 172 May 22.5s on the $1.20 bid price. 7390 calls and 490 puts traded so far. Meanwhile, implied volatility has risen about 7 percent to 45.5.
Category: All Stocks, Retail, Small Cap Stocks
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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.
