Options Bulls Are Wagering on Takeover Target Actelion: Chart

The number of bullish Actelion Ltd. options surged to 2,376 contracts on Friday, six times more than bearish puts and compared with a 20-day average of 263 calls, data compiled by Bloomberg show. That’s even as the stock was little changed. “It’s one of these perennial bid names that seem to attract speculation,” said Ben Kelly, an event-driven analyst at Louis Capital Markets. “Hence options activity is of interest.”

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