Friday, April 13, 2007

Sallie Mae options trade heavy as rumors swirl

(Reuters) - Upcoming earnings and the persistent rumors of a possible buyout could have been contributing factors to the surge of bullish options trading prior to Friday's report, analysts said.

"There were rumors already circulating on Thursday that they may be the next takeover candidate," said William Lefkowitz, options strategist at brokerage firm vFinance Investments in New York.


Read more at Reuters.com Hot Stocks News

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