BUZZ-Vodafone: traders write call options as share surges
** Traders busy writing Vodafone calls at 260p as price of the option leaps on hopes of a deal with Liberty Global (NasdaqGS: LBTYA - news)
** Shares (Berlin: DI6.BE - news) at 14-yr high of 254p as sell-side continues to talk up merger
** June 260 calls -- easily the most traded strike today -- surge in value to 5p (from 0.75p on May 12), a yield of around 2 pct. Chart: http://link.reuters.com/fax74w
** Stock goes ex-div by 7.62p on June 11 before option expiry on June 19
** If Vodafone fails to recover loss from ex-div and hold 260p by June 19, call writer will pocket the premium as well as stock's dividend yield, now 5.1 pct
** Possible alternative for holders of Vodafone shares looking to sell stock on move higher (RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)