Food & Beverage
Green Mountain Coffee Roasters (GMCR) options order flow seems bearish ahead of earnings. The company is due to report on May 8 after market. The stock is up 86 cents to $58.61 and the top trade is a bearish risk-reversal after an investor sold 3,000 Sep 70 calls on GMCR at $3.20 to buy 4,000 [...]
Kellogg (K) adds 88 cents to $65.78 and recent trades on the cereal maker include a sweep of 1400 Jun 67.5 calls for 60 cents per contract when the market was 50 to 60 cents. Looks like an opening buyer, ahead of earnings, morning of May 2.
Tyson Foods (TSN) is off 28 cents to $23.39 and 4000 Apr 23 puts on the stock are swept for 15 cents per contract. Open interest is sufficient to cover, but ISE data hint at opening buyers. Peer SFD saw bearish flow yesterday (see 4/16 color) and is seeing interest again today (May 25 calls, [...]
Smithfield Foods (SFD) is up 4 cents to $25.25 and a sweep of 3,568 May 22 puts traded on the meat producer for 20 cents per contract when the market was 10 to 20 cents. Looks like an opening buyer. 3,619 now traded against 1,179 in open interest. It might be a play on USDA [...]
Mondelez (MDLZ) is flat at $30.56 and a Jun 28 – 32 risk-reversal trades on the Deerfield, IL snack food company for 8 cents, 4350X on ISE. It’s an opening trade, firm-to-firm. MDLZ saw bullish trading a few weeks ago as well (see 3/22 color). Shares are up nearly 4 percent since that time. Earnings [...]
Call buyers are thirsty for upside in Dr Pepper Snapple Group this week, with a focus on the May 50 strike, where a buyer paid 30c for 1000 today, likely adding to the 2000 bought yesterday for 27cents. This position, 5.4% out of the money, is now the largest block open in the beverage name [...]
Herbalife (HLF) sees an afternoon spike and is up $1.27 to $38.47 in active trading of 8.9 million shares after an SEC complaint against KPMG’s Scott London revealed allegations that he had disclosed various non-public information to his friend David Shaw, including speculation that Herbalife was looking to go private. The stock is squeezing higher [...]
Unusual trade in Campbell Soup (CPB). The stock is up 40 cents to $45.32 and it looks like the investor sold 2,000 Jan 35 puts on the stock and 2,000 Jan 37 puts (put stupid at 70 cents) to buy 2,000 Jan 55 calls for 25 cents and 1,000 Jan 50 calls for 75 cents [...]
Dean Foods (DF) drops 35 cents to $17.81 and a three-way spread is initiated on the Dallas, TX food and beverage company Wednesday morning. The investor bought Jun 15 calls for $3.10 and sold the Sep 13 – 17 bearish risk-reversal at about $1.67, 6000X. The activity in June probably closes a Jun 12 – [...]
PepsiCo call volume is running twice normal and a buyer paid 32 to 33c for nearly 3000 May 82.5 calls a few minutes ago as shares traded near 78.92. Strike is 4.5% above spot, and well above the all-time share price high set earlier this week.