Tuesday, December 5, 2006

CRDN - Ceradyne

theflyonthewall.com has been talking about unconfirmed takeover chatter surrounding CRDN.

The CRDN Dec60 calls are up 181% today... seems like the easy money has already been made. The real problem I have with those options is with the theoretical value... 28c, yet they are now bid at 40-cents, which is why the stock has move up 50 cents in the last half hour and the price of the option has not moved.

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