Seagate Active on M&A Rumors (STX)

Seagate (NYSE: STX) has been subject to M&A rumors the past year or so, today the rumor came around as a DealReporter article discussed a potential merger. Shares of Seagate are down over 2% to 14.13 on above average volume. Seagate (NYSE: STX) shares spiked off the 14.02 level though sold back down to lows as the 15 and 16 calls saw above average volume. Over 17k November calls traded vs 7k puts.Implied volatility is up to 58 over its 22 week average of 50.