Tyson Foods (TSN) $11.17 +0.00%
Tyson (TSN) shares gained 23 cents to $11.17 and options order flow seemed to reflect expectations for higher prices Friday. The top trade of the day was 3,200 July 12.5 calls for 70 cents on the ISE, where data indicate the trade was an opening customer call buy. 6,600 traded total, with 79 percent trading at the asking price. Open interest increased to 6,375 from 766 contracts, the activity appears to be new positions in anticipation of a move beyond $12.5 by the July expiration. Earnings expected on May 4.
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.
