TD Ameritrade Chief Strategist Says Market Sees Low Volatility In ConAgra Foods

Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan indicated that options trading on ConAgra Foods Inc CAG was very limited with 146 contracts having traded by Monday morning.

Kinahan noted that the stock had traded in the same range for approximately 5 months and it seemed the market did not expect "anything special" from stock as implied volatility indicated a move of only $0.71 ahead of earnings.

ConAgra Foods Inc was scheduled to report Q3 earnings Thursday before the market open and recently traded at $34.84, up 0.61 percent.

Kevin Riley and Brianna Valleskey contributed to this report.