Call Buying Activity in FireEye (FEYE) Targets Upside in Shares Amid M&A Chatter -Susquehanna
Susquehanna options strategist Alison Edwards notes call buying activity in FireEye (NASDAQ: FEYE), as an opening investor in FireEye bought 10k May 11 Calls for $0.84 up to $1.00, untied in small lots throughout the morning. This investor opens upside exposure through mid-May, breaking even on a 3% rally in the underlying. While today’s trading doesn’t appear to be what observers would typically label as possible M&A related flow, we often see FEYE call buying amid M&A chatter.