Keep An Eye On NXP Semiconductors

NXP Semiconductors NV NXPI is on a high these days.

Ever since The Wall Street Journal broke news of QUALCOMM, Inc.'s QCOM purported interest in NXP Semiconductors, the stock has catapulted, gaining 25 percent in the seven trading sessions that followed.

Option traders are placing bets that the stock will appreciate in the near term despite the weakness in today's session. Call options expiring on Friday, October 14, are priced at $105, representing a $3 appreciation over the week.

Meanwhile, the January 2017 contract priced at $110 saw volumes of 3,907 and open interest of 6,738 and was the most actively traded call contract.

At last check, shares of NXP Semiconductors are down 0.29 percent at $102.69.