Option Millionaires

[madrose1]

Rackspace calls active after blog says IBM investigated acquisition
Rackspace (RAX) April 55 and 60 calls are active on total call volume of 3,300 contracts (1,400 puts). April call option implied volatility is at 39, May is at 45, June is at 40; compared to its 26-week average of 39 according to Track Data. Active call volume suggests traders taking positions for large price movement after blog says IBM (IBM) investigated acquisition.