Volume Spike Investor

AK Steel Holding Corp. (NYSE: AKS) has seen options go through the roof today.  This is on market talk that the company has entered talks to sell itself.  Whether or not a sale will come up is still unknown, but that isn;’t keeping options traders from putting on their speculator hats.  See below with strikes, volume, and the prior day’s open interest:

AUGUST 2008 CALLS
Strike    Volume    OpInt
55.00    1,357    5,986
60.00    4,170    12,624
65.00    2,197    7,586
70.00    5,542    6,505
75.00    12,027   8,068

SEPTEMBER 2008 CALLS
Strike    Volume    OpInt
60.00    908       16,419
65.00    1,528    4,797
70.00    5,001    11,513
75.00    1,402    10,674
80.00    6,444    1,141

DECEMBER 2008 CALLS
Strike    Volume    OpInt
90.00    15,880    358

Jon C. Ogg
July 31, 2008