Shares of Kellogg Company (K) are up .04 to 60.80 today.? K is trading in the middle of the 52 week range.
Today paper traded 853 K Feb 62.5 calls for .35. ?ADV is 1371 contracts.? The OI is 553 contracts.
The volume traded in two blocks with more calls trading at different price to push volume to 4974 midday. The opening paper looks like a bullish bet on K into earnings.? The calls are trading .50 as of this writing.
30-day implied volatility is 16%.? ?10-day implied volatility is 12%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Kellogg Company (Kellogg) is engaged in the manufacture and marketing of ready-to-eat cereal and convenience foods. The Company’s principal products are ready-to-eat cereals and convenience foods, such as cookies, crackers, savory snacks, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles and veggie foods.