Bullish option flow detected in Kraft Heinz (KHC) with 20,084 calls trading, 1.5x expected, and implied vol increasing over 4 points to 28.35%. 8/29 weekly 28 calls and 9/5 weekly 27.5 calls are the most active options, with total volume in those strikes near 7,200 contracts. The Put/Call Ratio is 0.20. Earnings are expected on October 29th.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KHC:
- Kraft Heinz break-up announcement may come as soon as next week, WSJ reports
- Kraft Heinz split of grocery and sauce units could come next week, WSJ reports
- Kraft Heinz assumed with a Neutral at JPMorgan
- Kraft Heinz management to meet with Mizuho
- Berkshire Hathaway’s (BRK.B) Stock Falls After Earnings Fail to Impress
