Deutsche Telekom (NYSE: DT) is examining a possible bid for Sprint Nextel (NYSE: S), reported Germany's Der Spiegel.
S closed at $7.89 Friday. S is scheduled to report Q1 EPS on May 12.
S option volume was heavy on May 2, with 42,682 contracts trading. S May option implied volatility went out at 84 on May 2, June at 61. S average option implied volatility over the last 26-weeks is 62 according to Track Data, suggesting larger price movement.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
The week in preview: Focus returns to earnings: Alcoa, Chevron, Family Dollar
Comfort Zone Investing: Survival of the fittest -- letting some banks fail
Three All-American stocks for portfolio fireworks
