Bearish flow noted in Kraft Heinz with 6,435 puts trading, or 2x expected. Most active are 7/26 weekly 33 puts and Jul-24 33.5 puts, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 1.59, while ATM IV is up over 2 points on the day. Earnings are expected on July 31st.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KHC:
- Unusually active option classes on open July 18th
- Kraft Heinz price target lowered to $38 from $42 at Citi
- Kraft Heinz price target lowered to $38 from $42 at BofA
- Kraft Heinz price target lowered to $34 from $37 at Wells Fargo
- Jefferies US/Euro foods analysts hold an analyst/industry conference call
