1. PTR looks like it is breaking out. 121 maybe seen in the short-term. (chart) June 2007 115 calls maybe the play.
2. ICE is starting to look really interesting on a valuation basis. They put themselves in their current discounted position by entering the CBOT bid. Once they exit the attempt their price should start to rise again, along w/a potential bid from NYX or NDAQ. (chart) 120 is a good initial entry, the second at 110, and the 3rd would be at 90 (but I doubt 90 would be seen).
