Supervalu (SVU) is up a nickel to $12.81 and 4,250 calls traded in the grocery chain, on takeover chatter — Briefing. July 15 calls are the most actives, with 2,570 traded (two thirds Ask). Another 1265 June 12.5s change hands (99 percent Ask). Implied volatility is moving up as well, gaining 8 percent to about 41. Kroger (KR) is due to report earnings tomorrow.
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.