U.S. indexes are pointed higher this morning, as traders brace for a busy week of data and Fed talk. Among the equities in focus are e-tail giant Amazon.com, Inc. (NASDAQ:AMZN), mining interest BHP Billiton Limited (ADR) (NYSE:BHP), and media concern Tribune Publishing Co (NYSE:TPUB).
TPUB is prepared to pop 1.2%, after News Corp (NASDAQ:NWSA) co-chairman Rupert Murdoch on Friday tweeted hints of a possible sale of TPUB to a Wall Street firm. Tribune Publishing Co denied the truth of these claims this morning, making a statement to its employees that there are no current plans to sell. The publisher has lost nearly 60% of its value so far this year, ending Friday at $9.29, but near-term option traders are more call-heavy than usual. The stock's Schaeffer's put/call open interest ratio (SOIR) of 1.40 is higher than only 38% of readings from the last 52 weeks, indicating a healthier than usual appetite for calls over puts.
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