Navteq (NYSE: NVT) closed at $69.70.
The European Commission said it opened an investigation into NOK's planned $8.1 billion buyout of NVT. NVT agreed to be purchased by Nokia (NYSE: NOK) on Oct. 1 for $78 cash.
NVT is a global provider of digital map data for location-based solutions and vehicle navigation. The EU has until August 8 to decide on the NOK-NVT deal according to the WSJ.
NVT overall option implied volatility 33 is above its 23-week average of 19 according to Track Data, suggesting larger price risk.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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