Harley Davidson Options Active On Take Over Speculation (HOG)

Shares of Harley Davidson (NYSE: HOG) are on fire this afternoon as rumors circulated they are a leveraged buy out target. Harley Davidson shares are currently up 5% on 11 mil shares, HOG averages 3 mil shares a day.

Options traders eagerly snapped up in the money and at the money calls across front month strikes. Out of the money 29 and 30 back month strikes are also seeing heaving trading, specifically the April 11 calls.

Traders bought 11,000 contracts vs. an open interest of 68 contracts. This buyer prices in a 2 point move by the end of the 3rd week in April. The current 52week high of (NYSE: HOG) is 30.

52wk Range: 10.86 - 30.00