Tuesday, May 22, 2012

Is Hansen Living on the Coke side of Life?

The options in Hansen Natural Corp. (HANS) are bubbling up today with renewed rumors of a Coca Cola (KO) takeout.

With the HANS at $28.90, up $1.08, market participants are focusing on near-month calls — the HANS Dec 30 (QHOLF), Dec 35 (QHOLG) and Dec 40 (QHOLH) Calls.

Options trading is pretty fluild in HANS, with the 10-day average contract volume of 3,400, so the 9,400 contracts that have traded is less than three times usual.

What is noteworthy is that almost 95% of the option activity today is in the calls.

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