Bearish Options Activity in Snyder's-Lance (LNCE) Targeting Downside Below $30/Share -Susquehanna

Susquehanna options strategists Alison Edwards notes bearish options activity in Snyder's-Lance (NASDAQ: LNCE) targeting downside below $30 per share, as investors bought ~600 Apr 30 Puts, as well as smaller volumes in May 30 Puts and June 30 Puts. This morning the company pre-announced a Q1 warning, while delivering a CEO transition plan.

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