$KHC Ascending Triangle - Bullish Options Flow
KHC Ascending Triangle - Bullish Options FlowMonitor for a close above $36 key resistance level. Big gap to fill all the way to $42.50 from Feb'19.
Huge deep-in-the-money bullish options flow today on Kraft-Heinz:
123M in deep ITM calls ($15-$20-$22.50 strikes) for Jan'21 and Jan'22 expiration traded today. About 82k contracts in total vs OI of ~13k - or in other words 6x open interest.
An additional 6M in ITM calls ($25-$27.50 strikes) for Oct'20 expiration traded today as well. About 4 times open interest.
Medium term price target: $42.50
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