Mobileye Bullish Bets Surged to Record Before M&A News: Chart

Intel to Acquire Mobileye in $15 Billion Deal

The number of bullish Mobileye NV options rose to an all-time high last week, before news broke on Monday that Intel Corp. would buy the Israeli maker of cameras and chips for driver-assistance features. Call open interest surged 84 percent since the February expiration to almost 160,000 contracts, 33 percent more than outstanding puts. Mobileye shares have rallied 24 percent this year, helped by quarterly earnings that beat analyst estimates and new partnerships with car manufacturers.

Watch Next: Intel to Buy Mobileye in $15 Billion Deal

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