Amid rumors that Twitter might be set to acquire TikTok's U.S. operations, a flurry of bullish options bets say it might come to fruition.
about the possibility of acquiring TikTok, which could potentially present problems for Twitter in its pursuit of the popular social sharing app. However, Twitter options activity in Monday's session painted a very optimistic picture that some kind of deal could get done.
"We saw double the average daily call volume, nearly 160,000 calls traded.
"Buyers of those 40-calls were paying about 75 cents," said Khouw, "That would be a bet that the stock rises about 8.5%, but it's understandable why they're using options [to make that bet]. Options prices are relatively cheap in Twitter. ... This is a way for those investors to speculate on it, but not risk a great deal."
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