Investors Bet On More Upside In SUPERVALU (SVU)
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Despite its strong performance since reporting earnings last week, investors are betting on more upside in SUPERVALU Inc. (NYSE: SVU),
According to option strategists at Susquehanna, "potentially bullish opening investor bought 5,000 October 13 calls outright for $0.53. Also today, participants bought volatility through 5,000 January 10 puts, delta neutral."
Shares of SUPERVALU are up 20 percent since posting blow-out results on April 14th.
According to option strategists at Susquehanna, "potentially bullish opening investor bought 5,000 October 13 calls outright for $0.53. Also today, participants bought volatility through 5,000 January 10 puts, delta neutral."
Shares of SUPERVALU are up 20 percent since posting blow-out results on April 14th.
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