Cerner Stock Hits Record High Amid Buyout Rumors

Calls have been all the rage of late

Jake Scott

Deputy Editor

Dec 17, 2021 at 10:53 AM

ORCL
CERN

The shares of electronic medical records provider Cerner Corporation (NASDAQ:CERN) are up 11.9% to trade at $88.93 this morning, after earlier surging to a new all-time high of $92.34. This bull gap came after the Wall Street Journal reported that Oracle (ORCL) is in talks to buy the company for potentially $30 billion.

The security was pacing for its best day since April 2008 earlier today, while also eyeing its fifth-straight win. CERN is also looking to close at its highest level on record, and has added 25.9% quarter-to-date.

There has been a preference for bullish bets over in the options pits. Over at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), 17.36 calls have been bought for every put during the past two weeks.

Today's options pits lean heavily bearish, however. So far, 12,000 puts have crossed the tape, or 78 times the intraday average. Most popular is the January 2022 85 put, where new positions are being opened.

Follow @Schaeffers

*SPONSORED CONTENT*

How to collect 1 dividend check every day for LIFE

Did you know you could collect 1 dividend check every day the market is open? You could also do it starting with just $605! For me, I'm collecting 70 dividend checks every quarter…which averages around 1.1 dividend checks every business day. There's no trading behind this... no penny stocks or high-risk investments. All you do is buy and hold and you're set. There's no set up required either. If you start buying the dividend stocks I show you today... you could collect 1 dividend per day starting as early as this week. Click here for all the details.

*SPONSORED CONTENT*