Thursday, July 12, 2007

Lazard shares jump on takeover chatter

(Reuters) - Options giving investors the right to buy Lazard this month at $55 calls were active. July option implied volatility is at 46, compared with its 26-week average of 35. That indicates investors believe Lazard shares will move sharply.




Paul Foster, options strategist at Web information site theflyonthewall.com in Chicago, said upside July calls were active on "renewed chatter" in the options market about a deal.


Read more at Reuters.com Hot Stocks News

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