Rumors are swirling that MDLZ might buy HSY.
Mondelez International Inc., trading 43.41 with an IV30 of 30.38 up 5% and an HV10 of 38.5 is seeing bullish call action today.? Rumors are swirling that MDLZ might buy Hershey?s, the maker of Krackle bars, and paper is up significantly today on the rumor.? Customers have bought over 16,000 of the August 47 calls.? The largest blocks was a trade of just over 13,000 calls paying 82.5.
This appears to be a play on MDLZ rallying with a purchase of HSY and also a play on earnings which happen to be the week of July 27.? The customer, based on this trade, clearly think MDLZ is going higher even with the stock tie.? He or she also thinks that MDLZ IV is going to keep rallying.
This trade is bullish MDLZ and Bullish MDLZ volatility.