Time Warner (NYSE: TWX) October weekly call option implied volatility is at 56, November is at 33; compared to its 52-week range of 17 to 51 after WSJ report of advanced takeover talks.

Mergers and Acquisitions Options Trader Talk

AT&T (T) to Acquire Time Warner (TWX) for $107.50/ShareOctober 22, 2016 11:45 PM AT&T (T) Agrees to Acquire Time Warner (TWX) for More than $80 Billion - WSJOctober 22, 2016 2:17 PM Apple (AAPL) said unlikely to bid for Time Warner (TWX) - BloombergOctober 21, 2016 12:19 PM AT&T (T) said pushing to reach Time Warner (TWX) deal by Monday - BloombergOctober 21, 2016 11:53 AM CNBC's David Faber confirms AT&T (T) and Time Warner (TWX) are in advanced deal talksOctober 21, 2016 11:42 AM