Bearish flow noted in Kraft Heinz with 12,288 puts trading, or 9x expected. Most active are Feb-23 40 puts and 1/27 weekly 40 puts, with total volume in those strikes near 6,000 contracts. The Put/Call Ratio is 2.11, while ATM IV is up over 2 points on the day. Earnings are expected on February 15th.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on KHC:
- Kraft Heinz price target raised to $50 from $48 at Mizuho
- Street Wrap: Today’s Top 15 Upgrades, Downgrades, Initiations
- Kraft Heinz initiated with an Equal Weight at Wells Fargo
- Kraft Heinz call volume above normal and directionally bullish
- Kraft Heinz price target raised to $41 from $38 at Morgan Stanley