Small Tech Company Seeing Huge Interest In Call Options (INFA)

Option contracts on Informatica Corporation (NASDAQ: INFA) are sharply higher this morning, perhaps on the takeout of Unica Corporation (NASDAQ: UNCA) by IBM (NYSE: IBM).

Open interest on the August 30 call contracts is more than 28 times its normal volume. These contracts are going for more than 50% than they did yesterday. Last trade was at 75 cents.

Shares of Informatica Corporation are trading at $30.74, up 79 cents so far in Friday trade.

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