Kellogg Company (K) $50.98 -0.41%
Kellogg (K) is off 21 cents to $50.98 and Feb 50 puts on the stock are busy today. 7,492 traded against 1,122 in open interest. Recent trades include a multi-exchange sweep of 1,246 contrads the 65-cent asking price. An earlier sweep of 2,083 traded at 60 cents and 1,246 for 65 cents. Data hint at opening buyers and implied volatility in the options on the stock is 8 percent to 17. Bearish trading in K might be a play on earnings, due out the morning of Feb 2.
Category: All Stocks, Food & Beverage, Large 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.
