(Bloomberg) -- Trading in options to buy shares of Florida East Coast Industries Inc. surged to the most ever last week before the railroad operator said today that it will be acquired by private equity firm Fortress Investment Group LLC.
The number of call options traded in Florida East Coast jumped 24-fold on April 30 to 1,888 contracts and reached 4,722 on May 2. An average of 375 such contracts changed hands daily over the last 20 days, according to data compiled by Bloomberg.
Read more at Bloomberg Stocks News
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