Friday, April 27, 2007

Jeffries (JEF)

It's becoming a habit for options in Jeffries (JEF) where volume exceeds open interest in the call front month contracts. The Options Doggy blog has been sniffing out possible takeover potential with this one. Rumored suitor said to be Mass Mutual in the low 40s. May35 and even May40 calls have exceeded open interest. Heaven help those call buyers if nothing happens on Monday... instant move to about zero for those options.

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