Icahn Rumored to Be Eyeing Whole Foods

Unsubstantiated rumors of Carl Icahn taking an activist stake in Whole Foods Market inc. WFM have sent the shares soaring this morning. The stock, which was trading lower at 38 before the rumors hit the tape, rose sharply and briefly traded above 40, before settling back to the low 39 level. Stock volume surged on the rumor, which is still not validated. Option volume was also enormous, with the August weekly calls that expire Friday trading over 15,000 contracts so far.