Friday, July 31, 2009

Options Alert: Tyson Foods (TSN)

Tyson Foods Inc. (NYSE: TSN) call volume is exploding with more than 9,300 August $12.50 calls and 2,300 September $12.50 calls trading early on, most of the action buying at the offer on the super lots.  Shares are breaking below its 200 day EMA and traders and the 74% implied volatility is ascension aweigh of August 3 earnings.  Shares look weak here, but traders are betting on a super upside move.  The meat producer trades 0.16X sales and 0.9X aggregation value, the cheapest of its peers.  Despite pork production existence scaled backwards due to Swine Flu worries, chicken haw help the quarter.   11:05 AM EST

-Joe Kunkle, OPTIONSHAWK.COM


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