Sprint Nextel (NYSE: S) operates a wireless and wireline network servicing 54 million customers, is recently up $0.63 to $18.63 on unconfirmed buyout chatter of BT Group PLC (NYSE: BT) interest. Sprint's October 20 calls have traded 157 times on transaction volume of 11,757 contracts. S October 20 calls are bid $0.35 cents above its theoretical value of $0.29 cents according to Track Data, suggesting upside price hedging.
Bed Bath & Beyond (NASDAQ: BBBY) October implied volatility Elevated into EPS. BBBY, a nationwide chain of retail stores, is expected to report EPS of $0.52 cents on 9/26 according to Thomson First Call. BBBY October option implied volatility of 36 is above its 26-week average of 28 according to Track Data, suggesting larger risks.
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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