Tyson Foods (TSN) $10.15 +3.78%
Sentiment appears to be shifting in Tyson (TSN). Call buyers were seen actively working the stock Tuesday when shares were near $9.31. TSN is up 36 cents to $10.14 and Jan 2010 puts at the $10 strike are actively traded. 4,481 contracts so far, compared to 575 of existing open interest. One trader bought 900 for $2.20. Most of the trades have been in smaller size, with 81 percent hitting ask-side of the bid-ask spread.
Category: All Stocks, Food & Beverage, Mid Cap Stocks
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
