CenturyLink (CTL) options swept up on WSJ report of advanced merger talks with Level 3 (LVLT)

CenturyLink (NYSE: CTL) November 29 and 30 calls are active on total call volume of 5,100 contracts (1,200 puts) after WSJ reports of advanced merger talks with Level 3 (LVLT). November call option implied volatility is at 56, December is at 45; compared to its 52-week range of 21 to 59.

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