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Akamai Options Trading Surges on Takeover Speculation

Akamai Technologies Inc. options trading jumped to more than three times the four-week average on speculation that the software company may be acquired.

56,331 calls to buy the stock changed hands, more than 5 times the number of puts to sell, as the shares increased 2.2 percent to $45.01 as of 4 p.m. in New York. Among the most active contracts were September $55 calls, which are a bet that the shares will rise 23 percent or more from today’s closing price by expiration. About 63 percent of the 5,715 of those options that were exchanged traded at the ask price, an indication buyers initiated most of the transactions.