Food & Beverage
Flowers Foods Inc (FLO) $27.66 -1.25%
All time record flow in FLO today as shares trade down about 1.5% near 27.60 and buyers scramble for March 25 puts- paying from 25 to 40 cents for nearly 7700 contracts earlier today and causing IV to spike nearly 10pts at the strike. Shares of the bakery operator saw nearly a 30% rise over [...]
Action Heats Up in Herbalife (HLF) on News of Icahn Stake
Herbalife (HLF) is up $4.54 to $42.81 in active trading of 8.5 million shares on reports Carl Icahn has initiated a 13 percent stake in the company. Options volume is already double the daily average. 43,000 calls and 49,000 puts so far. One player is going deep like Randy Moss and bought a 20,500-lot of [...]
Waters Muddied for Nu Skin (NUS) Shareholders
Nuskin (NUS) dropped to an intraday low of $39.50 after Muddy Waters updated a bearish view on the stock and linked the note to FTC complaints against the company — Link. The stock is down in active trading of 2.7 million shares, but has rebounded midday and is now down 88 cents to $42.04. Options [...]
General Mills Inc (GIS) $44.06 +2.51%
General Mills (GIS) is up $1.05 to $44 in heavy trading of 4.7 million shares after Berkshire made an offer to buy Heinz (HNZ). Shares of the food names (K, PG) are up on the day and options on GIS are seeing brisk trading. 11,000 calls and 650 puts so far. April 45 calls are [...]
Kellogg Company (K) $59.68 +0.66%
Kellogg (K) adds 49 cents to $59.78 and some investors think Feb 60 calls on the stock are Greeeaaaattt, as more than 2,200 traded against 344 in open interest. Most of the flow has been at the 10 and 15 asking price. Looks like call buying, possibly on the idea that the Heinz takeover will [...]
Savvy Trader Squeezes Huge Profits from Heinz (HNZ)
Nice timing for yesterday’s buyer of more than 2000 Heinz Jun 65 calls yesterday afternoon for 35cents when shares were near 60.80. Cash deal price will put them near 7.50 this morning- a handy 2142% overnight return on their near $80K investment! $1.5million buys alot of condiments. Total call volume yesterday awas 4x normal, while [...]
Diamond Foods Inc (DMND) $15.93 +10.55%
Shares of Diamond Foods shot up nearly 10% earlier today, with current level near $16.10 a high since their recent restated earnings cut nearly 25% in value off the nut-maker back in November. Call volume is 20x normal, with 8800 contracts trading in the first 2hrs (vs 850 puts) and Feb 16 calls are the [...]
Green Mountain Coffee Roasters Inc (GMCR) $47.81 +0.65%
Green Mountain Coffee Roasters (GMCR) shakes of morning weakness and is up 36 cents to $47.86 on positive commentary from JP Morgan and ahead of earnings, due out after the closing bell. JPM thinks GMCR might replace either Sprint of CVH in the S&P 500. Early options trades on GMCR include a Feb 37 – [...]
Hain Celestial Group Inc (HAIN) $57.43 +4.48%
Largest day for put volume in Hain Celestial in a year as a cust bot 10,000 Feb 55 50 put spreads for 1.35, opening, as shares traded near 57.67. 15K have traded total on the day.
Tyson Foods (TSN) $22.64 +1.71%
Interesting flow in Tyson this morning, as an opening customer buyer paid 1.10 for 5000 April 23 puts tied to 270K shares at 22.69, and then a bit later we saw 5000 Jan14 22 straddles sold on the ISE for $4, also opening. Likely the same cust, and could indicate a long-shareholder trying to take [...]
