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Option update 5-18-07: IGT, CRM up on takeover chatter

Posted May 18th 2007 1:50PM by Paul Foster (RSS feed)
Filed under: Apple Inc (AAPL), Intel (INTC), U.S. Steel (X), Options, salesforce.com inc (CRM)

International Game Technology (NYSE: IGT) implied volatility and call volume Jumps on Chatter.

IGT specializes in the design, manufacturer and marketing of computerized gaming equipment. IGT is recently up $1.28 to $39.18 on unconfirmed takeover chatter.
IGT call option volume of 12,038 contracts compares to put volume of 576 contracts. IGT June option implied volatility of 34 is above its 26-week average of according to Track Data, suggesting larger risk.

Salesforce.com, Inc. (NYSE: CRM) option volume heavy; volatility flat on Speculative chatter.

CRM, an on demand customer relationship management applications company, is recently up $0.76 to $43.83 on take over speculation.
CRM reported first quarter revenue of $162 million yesterday. GROW has a Buy rating on CRM.
CRM June option implied volatility of 40 is below its 26-week average of 44 according to Track Data, suggesting decreasing risk.

Option volume leaders today are: Intel Corp. (NASDAQ: INTC), Elan Corp. (NYSE: ELN), Apple Inc. (NASDAQ: APPL) and U.S. Steel Corp. (NYSE: X).

Daily Option Update is provided by Stock Options Specialist Paul Foster of theflyonthewall.com.