Shares of HJ Heinz Co. (HNZ) are trading up .01 to 72.46 today.? HNZ is at a 52 week high.

Today paper is trading the HNZ Sep 75 calls for .1 24000x.?? Average volume is 11555.? Open interest is over 70000 contracts.

The contract traded in large blocks in the middle of the market initially filling a .1 bid.? This looks like closing paper into the buyout for HNZ. ?

30-day implied volatility is 5%.?? 10-day implied volatility is 1.%.? 30 day implied volatility is trading above the 10 Day Historical volatility.

H. J. Heinz Company together with its subsidiaries is engaged in manufacturing and marketing a range of food products throughout the world. The Company?s principal products include ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant nutrition and other food products. The Company?s products are manufactured and packaged to provide safe, wholesome foods for consumers, as well as food service and institutional customers.

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