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Kraft Heinz call volume above normal and directionally bullish

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.

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