Tuesday, July 3, 2007

Blackstone for Hilton (HLT) at $47.50

And wouldn't you know it, a classic Options Screener pick-up... nearly 6,000 Hilton August 40 calls traded today vs open interest of just 70 contracts. Only problem is that I didn't run the Screener until I saw the headlines way after the closing bell. In other words, little or no activity since the rollout of these calls in late June, but today WHAMO, BANG-ZOOM, BADA BING... nearly 6K trade out of the blue today.

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