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Call Buying Activity in Kraft Heinz (KHC) Targets 2.2% Upside in Shares Prior to Earnings on 4/30 -Susquehanna

April 14, 2020 1:56 PM

Susquehanna options strategist Alison Edwards notes call buying activity in Kraft Heinz (NASDAQ: KHC), as an opening investors bought ~7k Apr 29 Calls. The position will breakeven with a ~2.2% upside move by the end of this week, and does not capture earnings expected 4/30.

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