News Corp (NWS) adds 30 cents to $17.19 and one strategist buys-to-open 15000 Oct 16 puts on the media giant for 15 cents per contract. After a seven-day 13 percent run higher, the contract is almost 7 percent OTM with a -.17 delta and expires at the end of next week. 20,450 traded against 6,168 in open interest. The put purchase might be a play on the hacking scandal that rocked the company in the summer. According to news reports out yesterday, the Egan Jones advisory firm sent a letter to shareholders urging them to oust four board members, including the sons of Chief Executive Rupert Murdoch.