Ackman Activism Deja Vu Evoked as Railroad Options Surge
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Bullish options on railroad stocks including CSX Corp. have surged amid speculation that an activist investor is building a stake in one of the companies.
Contracts that pay off should CSX Corp. shares climb 10 percent within three months have reached the most expensive level on record compared with options that profit if the shares drop. Calls on Norfolk Southern Corp. climbed to the highest level compared with puts in seven years.