Kraft Heinz (NASDAQ: KHC) 30-day call option implied volatility is 32; compared to its 52-week range of to 18 to 33 . Call put ratio 17/9 calls to 1 put with a focus on a spreader of 17194 contracts of July 24 weekly 26.50 calls, 27 calls, July 31 weekly 26 and July 31 weekly July 26.50 calls.