The Options Screener Picks Up Some Interesting Takeover Talk

The Options Screener picked up on a number of interesting situations:

Macy's (M) takes up 3 slots on the screener due to speculation that it would be taken out in a leverage deal.

Kraft (KFT) also popped on to the list following word of Nelson Peltz' 3% stake in the company. One caution here is that Peltz is a longer term investor who prefers to build shareholder value, as opposed to simply selling companies to the highest bidder.

Harley Davidson (HOG) also rose 2% on, if you can believe it, Honda takeover talk.

Frontier Oil (FTO) June 45 and 50 calls both with strong volume that exceeded open interest on no news, and just vague takeover speculation.

Omnivision (OVTI) has also been on the rumor mill circuit.

Marvell (MRVL) call options volume has also picked up on takeover talk.

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As usual, the information above is presented for informational purposes only.

Comments

[Nidhi]

Macy's can be a good take over target, as their revenue has been growing; And their shrinking margin has led to an attractive price for purchase. More at:

creating-wealth.blogsp.../