Friday, July 6, 2007

RadioShack calls heat up after fund reveals stake

(Reuters) - In afternoon trading, a total of 9,696 calls compared to 4,215 puts traded in RadioShack, way above Thursday's tally of 1,349 contracts, according to market research firm Track Data.



"We think the catalyst for the call buying today is the stake by D.E. Shaw," said Jon Najarian, co-founder of Web information site optionmonster.com in Chicago. "This may have flown under some folks' radar screens. I think people are reacting to this today."


Read more at Reuters.com Mergers News

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