Who is going down for this (or NOT?)
"Smurfit-Stone's thinly traded options hit three consecutive volume highs last week, a few days before Norcross, Ga., packaging company Rock-Tenn Co. said it would buy the company. On average, only a few dozen Smurfit-Stone contracts have changed hands daily since the company emerged from Chapter 11 bankruptcy protection in mid-2010. The three-day options burst was the company's biggest in more than two years.
Among the moves catching analysts' attention were batches of 100 or more February $30 call options that changed hands at the Chicago Board Options Exchange for 60 cents and 75 cents per contract Wednesday. By mid-Monday, after Rock-Tenn announced it had reached a deal for the company, those contracts were worth $4.80 and had surged as high as $5.80. The stock ended the session up 27%."