Leap shares, which earlier touched a day-high of $14.98, were up 6 percent at $14.62 in mid-afternoon trade on Nasdaq. Leap options were also active.

(RTTNews) - Leap Therapeutics (LPTX) said it has initiated a process to explore strategic alternatives, including leveraging cash balance and exploring potential sale or partnership opportunities ...

Options volume on Leap surged on July 12 ahead of an announcement after the close of trading that AT&T would acquire Leap. There was noteworthy interest in the call options on the stock.