LEAP Wireless (LEAP) continues to see heavy trading. Shares are up 64 cents to $20.26 and options volume is running 2X the average daily. 26K calls and 1,320 puts traded. A lot of the action is in the Jan10 30 and 40 calls, which might include some closing trades since open interest easily exceeds today’s [...]
Leap Wireless (LEAP) is down 79 cents to $19.82 and traders are leaping into Jan10 calls at the 30 line Thursday. One player bought 11.3K for 90 cents on CBOE. 19.7K traded and, with 93 percent hitting ask-side, looks like buyers are dominating the action. 28K calls traded total, compared to 1,675 puts. Implied volatility [...]
AT&T (T) is up 90 cents to $27.40 and calls are heavily traded after Mad Money host Jim Cramer said yesterday that shares are building a technical base. Cramer also says AT&T has a 6% yield, accelerating subscriber growth, and 100 percent ownership of its mobile apps. Total options volume in T is running 2X [...]
MetroPCS (PCS) is up 8 cents to $10.22 and some traders are dialed in to PCS calls after FT Alphaville reported that Deutsche Telekom is in discussions to combine its T-Mobile biz with rival MetroPCS. While some say there is little compatibility between T-Mobile and PCS networks in the US, others argue that DT might [...]
21k calls and 11K puts traded on Sprint Nextel (S) after UK Telegraph reported that T-Mobile owners might make a bid for Sprint. Recent trades in Sprint include 4000 Jan(2010) 2.5 – 4 put spreads, sold, along with the purchase of 4000 Jan 4 calls. 5 cents collected. Shares are up 42 cents to $4.19.
MetroPCS (PCS), which saw active trading yesterday on speculation DT might make a bid for the co., is up 77 cents to $9.65 and calls are actively traded for a second day. Reuters is reporting that PCS is indeed talking to bankers and seeking advice about a possible deal. However, contrary to some market speculation, [...]
Verizon (VZ) is up 44 cents to $31.33 and 13.1K Oct 32.5 calls traded today, compared to open interest of 18.4K. Looks like a mix of both buyers and sellers, with 53 percent hitting ask-side. Top trade is 1,179 contracts on the ISE for 29 cents. Implied volatility is up to 23, from 21.5 yesterday [...]
MetroPCS (PCS) calls are active and implied volatility is moving on talk Deutsche Telecom (DT) might make a bid for the company — Briefing. Shares are up 32 cents to $8.57 and traders are showing interest in Oct 10 and Sep 10 calls, with 3,021 and 994 contracts traded, respectively. Looks like opening buyers in [...]
Big Trades in Sprint (S) Wednesday afternoon after a player bought 20K Oct 4 calls and sold 10K Oct 4 puts, paid 4 cents. Shares are down a penny to $3.69.
Global Crossing (GLBC) is up 50 cents to $12.29 and options volume is running 25X the average daily, on increasing interest in Jan 10 calls. 3,311 traded. The top trade of the day is 323 contracts for $2.80 on the ISE, which is an opening customer buyer, according to sentiment data. In fact, 100 percent [...]