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CNBC Stock Blog
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Starwood Hotels and Resorts is seeing some unusual options activity Tuesday, as the chain once again finds itself the subject of takeover rumors.
Today's options action in HOT centers on the February 20 strike, where more than 5,000 calls have traded at twice the open interest, going for $0.50 and $0.55, according to OptionMonster's proprietary tracking systems.
The stock [HOT
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Starwood has been the subject of rumors for years, so any buyout speculation must be viewed with suitable skepticism. Earlier this month, for example, HOT shares popped on talk of a possible investment by Sam Zell's Equity Group Investments.
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Rival Casino-Resort Chains:
MGM Mirage [MGM
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Wynn Resorts [WYNN
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Las Vegas Sands [LVS
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Ameristar Casinos [ASCA
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Pete Najarian is a professional investor, CNBC contributor, regular co-host of CNBC's "Fast Money" and co-founder of OptionMonster.com.
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Data is a real-time snapshot *Data is delayed at least 15 minutes