Option update: Akamai calls heavy with low volatility on unconfirmed buyout chatter

February 29th, 2008 | Category: Options

Akamai Technologies (NASDAQ: AKAM) is recently up 89cents to $34.29 on unconfirmed takeover chatter. AKAM offers services for accelerating substance and commerce processes online. AKAM March 35 calls have traded 191 times on transaction volume of 6,671 contracts. AKAM March 40 calls have traded 84 times on transaction volume of 3,233 contracts. AKAM

March option implied volatility of 48 is below its 26-week average of 54 according to Track goods, suggesting decreasing price fluctuations.

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

Original post by Paul Foster

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