Stocks quoted in this article:
National Discount Brokers (NDB – 25-1/4) and other online brokerage firms should see some lively action in today's trading. News came out this morning that Deutsche Bank has offered to purchase NDB for $49 per share. This represents a hefty 94-percent premium from yesterday's close. Currently, Deutsche Bank owns 16 percent of the company.
Options investors have not been too keen on NDB, as peak front-month open interest is just 1,288 contracts on the deep out-of-the money October 45 call. Total open interest for options with up to three month of life left is 1,219 put positions versus 4,738 call positions. Average daily trading volume on the stock is just 237,591 shares.