This type of horse shit is what is going to make these "circuit breakers" quiet annoying to traders, especially those who trade the options as the vol gets completely jacked around post halt. Sorkin "broke" the story on CNBC, not that every stock trader who has real time scanning software didn't see ATHR move like a bat out of hells straight up.
I picked up a small bit of 45 calls before the halt, though i did my best selling premium in the OTMS and of course went home flat.... I would not be surprised if we see some opposition to this merger or
another potential suitor. Over 10k 45 ATHR Jan calls traded vs. open interest of 503... we will see how tomorrow plays out...
(Dealbook writes) "Qualcomm, the pioneering wireless technology company, is near an agreement to buy the chip maker Atheros Communications for about $3.5 billion, according to two people with direct knowledge of the talks, in a deal that underscores the emerging dominance of smartphones and tablet computers.
The transaction is expected to be announced on Wednesday morning, said these people, who requested anonymity because they were not permitted to speak publicly about the talks. They added that the negotiations were in their final stages but could still fall apart."