Republic Services, Inc. (NYSE: RSG) is recently up 41c to $34.12:
The WSJ reported RSG and AW are in merger discussions. RSG call option volume of 648 contracts compares to put volume of 10 contracts. RSG June 35 straddle is priced at $1.95. RSG July option implied volatility of 23 is below its 26-week average of 30 according to Track Data.
Allied Waste Industries, Inc. (NYSE: AW) is recently up 93 to $14.89:
The WSJ reported RSG and AW are in merger discussions. AW call option volume of 2,419 contracts compares to put volume of 114 contracts. AW July option implied volatility of 62 is above its 26-week average of 33.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com










