Cramer Questions First Data Options Trades

On today’s WALL STREET CONFIDENTIAL on TheStreet.Com, Jim Cramer noted the First Data (FDC) buyout.  He said the he was looking at the options contracts in the $27.50 and $30 calls, and he said there was no reason to buy those contracts unless you knew a deal was coming.  Those option buys were highly suspicious according to Cramer and he even said they were blatant.  He thinks this deal demonstrates that the stock market overall is undervalued if they are doing deals like this.  Cramer said as far as other names in the group, he still likes Mastercard (MA-NYSE) and Verifone (PAY-NYSE) in the transaction side of the business. 

Jon C. Ogg
April 2, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.