Rumor being floated by Tier 1 broker that SYK will do a deal with MAKO very soon. ZMH bought Synvasive about the same time last year to keep up with SYK. Check out SYK share price in the past hour.
Canaccord Genuity: Cyberonics, Inc. (NASDAQ: CYBX) with a Buy and raises the price target from $57.00 to $59.00 .
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How bout the March 31 calls today, premium up 212%, 40x open interest.
Otherwise, I'd be a doubter if this 10% move accompanied a market rumor. But silence - and I read "buy-out" between the tea leaves.
This trader must be related to Raj Rajaratnam, lol. 46oo contracts equals a half million dollar "all or nothing" unhedged bet that the stock climbs 18% within 3 weeks.