Volume Spike Investor

With the merger ‘rumors’ out there calling for another potential merger between Leap Wireless International Inc. (NASDAQ: LEAP) with a $1.1 billion market cap and with MetroPCS Communications Inc. (PCS) and a $2.3 billion market cap, it is of no surprise that we are seeing elevated trading in the stocks and even in the options out in December.

Leap Wireless International Inc. (LEAP) is up 11.6% at $14.23 on 11,350,000 shares versus an average volume of 4.4 million shares. Here are its call options trading, above the open interest:
DEC$    Volume    OpInt
15.00    6,170    4,390

MetroPCS Communications Inc. (PCS) is up 7.4% at $6.57 on some 18,301,105 shares versus an average volume of about 9.4 million shares.  Here are its call options trading, above the open interest:
DEC$    Volume    OpInt
7.50    8,293    5,580

The talk of this is not new, and you should recall that there was an attempted merger that failed once already.

JON OGG