Tyson Foods Inc. (TSN) foods was trading up .28 to 22.54 yesterday. ??TSN traded at a one-year high yesterday.
Paper sold the TSN Jan 2014 22 Straddle for $4 over 5,000 times.? Average volume is over 2,692 contracts per day.? Open interest is over 1,200 contracts for the calls and 97 for the puts.? The implied volatility is down .30 points in Jan 2014.? The trade looks to be a straight straddle sale possibly against a stock position.
30-day implied volatility is 27%.?? 10-day implied volatility is 22%.? 30-day implied volatility is trading just over the 10-day historical volatility.?
Tyson Foods, Inc. and its subsidiaries is a meat protein companies and food production company. The Company produces, distributes and markets chicken, beefs, pork, prepared foods and related allied products.