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Seagate call volume soars
March 24, 2009 Tue 2:56 PM CT

Seagate Technology climbed as much as 11 percent today after unveiling a new product line, but options movement suggested traders are expecting more upside.

Call options in the disc driver maker exceed normal trading volume by 10 times. Based on heavy trading in June contracts, one idea is Seagate may be considered a takeover candidate.

By mid session, the volume had already...


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