Kraft Foods (KFT) is up $1.55, or 6.4 percent, to $25.81 and the best gainer in the Dow Jones Industrial Average early Tuesday after reporting quarterly earnings of 45 cents per share, which beat Street estimates by a nickel. Options volume is running 2X the average daily, with 11K calls and 6,350 puts traded so far. June 20 puts are the most actives, with 4000 traded and 80 percent hitting offer-side.
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.