RED Option

New York Comnty Bancorp NYB (news, chart, quote) - NYB May 17.5 calls active at prices near Theoretical Value

NYB, a leading producer of multi-family loans for portfolio in New York City, is up .30 to $17.08 on renewed unconfirmed chatter that WM is interested in NYB assets. NYB May 17.5 calls have traded 25 times on transaction volume of 3,272 contracts, near its open interest of 4,387 contracts according to Track Data. Above average option volume indicates the traders selling the calls are hedged or believe the WM chatter will not result in NYB trading higher.

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