HubSpot ($HUBS) stock saw a surge in implied volatility (IV30) of 10% and then 18% in a day, amid rumors of acquisition talks with Alphabet ($GOOGL). David Faber mentioned the potential all-stock deal on CNBC, leading to a 7% increase in HubSpot's stock price. Traders noted the strong IV even when the stock fell, with some seeing a 40% increase in spreads due to the speculation.
$HUBS IV30 now up 18% on day, clearly some smoke with this one since last Friday noticed that IV oddly strong even when stock fell https://t.co/whASSgsKFi
$HUBS this sprd now marking +40% , not bad for rumor https://t.co/9ISggWKzcu
$HUBS now up +7% after David Faber on CNBC said that there "have been many reports about HubSpot being in conversations with $GOOGL; my understanding is absolutely true. It's an all-stock deal for Alphabet to acquire HubSpot."
$HUBS Nice.... https://t.co/3vtRMQVWpp https://t.co/rXR0lKiEeX
$HUBS seeing IV30 surge now up 10% on day.. oh boy! Someone knows something