Clorox Co. shares rose the most in two years after a trader bought bullish options and investors speculated Colgate-Palmolive Co. will make an offer for the maker of bleach and laundry detergent.
Keurig Green Mountain Inc., the maker of home-brewing machines for coffee, tea and other beverages, jumped 8.4 percent yesterday, the most in almost a month.
A trader paid almost $13 million to buy call options that pay off if the Chicago Board Options Exchange Volatility Index rises at least 56 percent in the next four months.
The biggest U.S. options trades in the past two days have been in a stock that most people have never heard of: Boardwalk Pipeline Partners LP.
Kellogg Co., the maker of breakfast cereals, Pop Tarts and other packaged food, rose the most in almost five years in New York after options trading signaled possible takeover activity.
Kellogg Co. options traders haven’t been this bullish in seven years as speculation increases that Warren Buffett’s Berkshire Hathaway Inc. may make an offer.
An investor paid about $5.3 million for a trade that will pay off if the iShares Russell 2000 ETF falls at least 2 percent by May.
The interruption that froze half the U.S. stock market last week began with a routine notice.
The price-feed malfunction that briefly froze U.S. options exchanges yesterday shows the dangers of a fragmented market structure go beyond equities trading.
"People are wary going into the weekend in case there is an announcement of some kind."
- Christopher Rich on Jun 06, 2014