Market Overview

Steve Sosnick's Bearish Kraft Trade

Share:
Related KHC
Q3 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolio
Bulls & Bears Of The Week: Amazon, Apple, Ford, GE And More
Cameco As A Defensive Stock In The Face Of Coming Recession (Seeking Alpha)

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.

Posted-In: Bloomberg Markets Steve SosnickOptions Markets Media

 

Related Articles (KHC)

View Comments and Join the Discussion!

Dan Nathan Sees Unusual Options Activity In Visa

A Peek Into The Markets: US Stock Futures Down; All Eyes On Jobs Report