Applebees (APPB) - Speculatin' Bad In The Neighborhood

Options trading in the June30 Applebees calls has been busy today with over 18-hundred trading. The whispers on Wall Street have been the company will sell for $39 a share. I don't believe it. SMH Capital released a report today saying that it's unlikely APPB will fetch a significant premium. That's on top of a May 3rd report from AG Edwards which stated that it didn't see much upside given lagging fundamentals.