Cerner Stock Hits Record High Amid Buyout Rumors

Calls have been all the rage of late

Deputy Editor
Dec 17, 2021 at 10:53 AM
facebook twitter linkedin


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.

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners