Sr. Correspondent, Broker Research, Bangalore, India
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Nov 3, 2014
Nov 3, 2014
Nov 3, 2014

Sapient options unusually active days before deal news

NEW YORK (Reuters) – An unusually large number of bullish bets were placed on the options of Sapient Corp. (SAPE.O: Quote, Profile, Research, Stock Buzz) just three days before the digital ad specialist announced plans to be acquired for $3.7 billion by French advertising giant Publicis (PUBP.PA: Quote, Profile, Research, Stock Buzz), according to options market data.

Sapient shares jumped 43 percent to $24.73 on Monday after the company said it would be acquired by Publicis. The jump in the stock would result in big paper profits for some well-timed options bets last week, options strategists said.

Nov 3, 2014
Nov 3, 2014
Oct 31, 2014
Oct 31, 2014
Oct 31, 2014

iShares Japan ETF options draw bullish call activity

NEW YORK, Oct 31 (Reuters) – Options on the iShares MSCI
Japan Index fund attracted a rush of bullish trading
activity on Friday after the Bank of Japan significantly ramped
up its stimulus program.

The Bank of Japan shocked global financial markets on Friday
by expanding its massive stimulus spending in a stark admission
that economic growth and inflation have not picked up as much as
expected after a sales tax hike in April.

Oct 31, 2014
Oct 31, 2014
    • About Saqib

      "Saqib Ahmed is an options correspondent working with the Markets team in New York. He previously led the Reuters Broker Research team in Bangalore. He joined Reuters in 2009 after graduating from the Asian College of Journalism."
      Joined Reuters:
      2009
      Languages:
      English, Hindi, Bengali
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