Unusual Large Call Buy in WhiteWave Foods (WWAV)
It seems the “smart” money knows something we don’t about WhiteWave Foods Inc (NYSE: WWAV), as a single trade of 1719 July 37.5 calls went through this afternoon. The buyer paid approx 20 cents per call, mostly at the ask. In total, over 4300 of the July 37.5 calls have traded today, with an open interest of 412.
We’re no geniuses so we can’t tell you what these WWAV call buyers know. We also don’t have any inside scoop like these buyers clearly do. We can venture a guess that an upgrade must be coming from one of the larger investment banks. Or earnings are leaking exceptionally early.
White Wave Foods is trading up 38 cents to $32.80 so far in trading Friday afternoon.
WhiteWave Foods is a consumer packaged food and beverage company trading on the New York Stock Exchange and based in Denver, CO. WWAV has 2600 employees. Maybe one of them could tell us why the July 37.5 calls are being snapped up today?
Heres the WWAV price chart: