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Options traders cash in on Kraft


Options traders cash in on Kraft


Both Unilever and Kraft later confirmed that Unilever had rejected the offer.Recent options trading in Unilever, however, has raised some eyebrows as a spike in upside bets started a few days before the deal was announced.According to data collected by Bloomberg, 10,909 call options were traded on Wednesday, the most in any day since 2011.Essentially, these are contracts that give an investor a right to buy Unilever stock at a specified price at a specified time.

He said the traders can try to bring those claims again.Kraft and Mondelez were named as defendants because most of the alleged suspicious activity occurred before Kraft Foods Inc split in two Options traders cash in on Kraft 2012. Mondelez brands now include snack fooConnecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

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Options traders cash in on Kraft

Options on Kraft traders cash in

Options traders cash in on Kraft