Fidelity national Information shares are up 15c to $27.30 notable trade in the June $27.50 straddle trades 4,500x in what looks like an opening sale for a $2.60 net credit. On Tuesday the financial processing services firm confirmed on Tuesday that talks with Blackstone for an LBO at $32 a share had been called off. The company will now seek to recapitalize through an increase in debt. IV, which jumped from around 30% to 50% when takeover talks were first revealed on May 6th (its chart stands in stunning contrast to the market on that day), is currently running around 45% level.