Notable Call Options Activity in Midas
Shares of Midas (NYSE: MDS) are higher on the session by 27.42%, currently trading at $11.45. The stock has been moving largely higher over the past two weeks and is currently trading above the 50-day moving average.
Options traders are focusing on calls today. The strike seeing the heaviest volume is the March 2012 $10.00 call, which has traded 1,380 times on open interest of 1,575 contracts.
MDS agreed to be acquired by TBC Corporation this morning for $11.50 per share in cash.
Calls are outpacing puts today by 40 to 1.
Midas, Inc. is engaged in the business of selling automotive repair franchises. The Midas network of franchised and company operated shops is a provider of automotive repair and maintenance services in North America with 1,538 shops located in all 50 states of United States and nine Canadian provinces as of January 2, 2011.
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