Troubled financial concern Lehman Brothers (LEH: sentiment, chart, options) was back in the news today, with a pair of noteworthy headlines. First, Kohlberg Kravis Roberts is reportedly highly interested in buying LEH's Neuberger Berman asset management unit, according to CNBC. This good news for the company on the merger & acquisition front stands in stark contrast to the caution expressed yesterday by a South Korean regulator on the possibility of Korea Development Bank (KDB) buying LEH outright.

Second, Bloomberg reports that LEH might create a company designed to purchase a portion of its troubled mortgage assets. The story cited unnamed sources and Lehman has declined to comment. Following the pair of reports, LEH has reclaimed some of yesterday's losses, rallying back more than 3%. However, the shares are being met with resistance in the 14 region once again.

If you read last week's Options Update on LEH, then you know that today's news is another boost for the hypothetical put sell position initiated on the shares on Friday. Meanwhile, the purchased call position continues to struggle, despite today's bounce in the shares.