E TRADE Financial Corp (ETFC)

[smartone]

E*Trade Pops on Buyout Rumor; Calls Active (ETFC, SCHW)
http://www.benzinga.com/trading-ideas/long-ideas/10/11/584700/e-trade-pops-on-buyout-rumor-calls-active-etfc-schw

Shares of E*Trade Financial Corp. (NASDAQ: ETFC) are popping higher this morning, currently up by 4.75% and trading at $15.66. Within the first hour of trading, the stock has already traded 0.50x the 10-day daily average volume.

There is a rumor circulating trading desks that The Charles Schwab Corporation (NYSE: SCHW) is looking to buy ETFC for $22.00. Be advised that, not only is this unconfirmed, but it also reminds of that children's show “Lamb Chop's” because it is the rumor that never ends.