Tuesday, May 15, 2007

Midday Options Screener

The Options Screener has been quiet today. There were a number of x-dividend plays like CVX and MMM that have been taken out.

HSBC (HBC) calls have been active in the aftermath of the company's US results - UPDATE 1-HSBC says on top of US mortgage problems.

Alltel (AT) Jan08 options in the 70 and 75 strikes have seen heavy volume today. AT has been a long talked about candidate for takeover.

Bristol Meyers (BMY) has frequently seen bursts of options volume in later months. This name has also been mentioned as a possible buyout candidate.

Talk of a possible sale of an Ingersoll Rand (IR) unit swelled options trading in the June50 strike. Ingersoll-Rand may sell Bobcat unit.

Vertex (VRTX), trying to develop a new treatment for hepetitis C, seeing heavy volume in May35 and June 35 calls. May 35 volume is over 10,000 with the bid at ZERO. But no news I can find.

The above for informational purposes, not a recommendation to trade.

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