Skip to main content

Market Overview

Steve Sosnick's Bearish Kraft Trade

Share:

Steve Sosnick of Interactive Brokers suggested on Bloomberg Markets a bearish options strategy in Kraft Heinz Co (NASDAQ: KHC). He thinks it works well both as a hedge and a speculation.

The stock has been underperforming the market in the last two years and Sosnick wants to buy the October 55 puts for $1.20 to make a bearish trade. The trade breaks even at $53.80 or 5.28 percent below the current stock price.

 

Related Articles (KHC)

View Comments and Join the Discussion!

Posted-In: Bloomberg Markets Steve SosnickOptions Markets Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com