Do options traders think newspaper stocks are cheap?
If today's activity is any indication, the answer is yes.
The AOL - Huffington Post merger sent shares of left-for-dead newspaper stocks sharply higher today, and it sent options traders into a veritable tizzy.
“It’s a game changer and bullish news for a name like the New York Times," said Options Action contributor Scott Nations.
Call volume on the Gray Lady was six-times its daily average volume.