Teradata Pops; Calls Active (TDC)

Shares of Teradata Corporation TDC are popping this morning, currently higher by 10.12%, trading at $37.96. The stock is moving on the news that IBM IBM is bidding $27.00 for Netezza Corp. NZ. The companies operate in similar spaces. Options traders are buying upside calls on the name today. The October $35.00 call was purchased 1,100 times on open interest of 5,448 contracts and the October $40.00 call was purchased 3,150 times on open interest of 2,570 contracts. Teradata Corporation is engaged in enterprise data warehousing, including enterprise analytic technologies and services. Its data warehousing solutions comprise software, hardware, and related business consulting and support services. Its solutions integrate an organization's departmental and enterprise-wide data about customers, financials and operations into a single enterprise data warehouse. Its software and hardware products include Teradata Database Software, Teradata Platform, Teradata Logical Data Models and Teradata Analytic Applications and Tools. For more great research like this, as well as how to play it through options…please visit Benzinga's Options & Volatility Edge and Benzinga's Cash Generator.