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Steve Sosnick's Bearish Kraft Trade

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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

 

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