OptionMonster's Jon Najarian points out what looks to be unusual activity in the options of Stryker and Mako ahead of their $1.65 billion merger agreement.
Najarian, who is a "Fast Money" trader sent me some comments on the activity Wednesday morning:
Today I woke to see the announcement that medical-technology company Stryker had reached a definitive agreement to acquire Mako Surgical for $30.00 per share. I'm sure shareholders of MAKO were delighted to see the value of their positions nearly double overnight from the closing price of $16.17 yesterday. However, I KNOW that some traders were much happier than others, as our work at OptionMonster shows very strong, unusual activity ahead of today's windfall.