NWA: Northwest Airlines

FYI; there's a whole lot of option activity with NWA - Northwest Airlines - on the call side that traded today. More specifically, the June '08 17.50 call option had a volume of 51,410 and the September '08, 7.50 calls had 50,919...

Below is the chart and I hate it; it's an ugly one to me; but all of this activity has to be based off of the thought that NWA will merge with Delta (if it happens).

(The arrow is there to show you when the CFO of the company sold some of his shares...HA!)