Sara Lee bull call buyers coming back for seconds Options in Sara Lee (SLE) saw the second straight day of bullish call activity with activity on Thursday, seeing a 300% increase in expected calls to trade.
Call activity on Wednesday saw a surge of 22x the normal amount of calls traded. The strike in favor has been the July 10 call strike where 3,079 calls traded vs a current open interest of 10,444 contracts. Reported in the NY Post on Wednesday, that (SLE) has blocked bids from Kohlberg Kravis Roberts KKR and Blackstone (BX) for its household and personal care business. Word on the street is that (SLE) hopes to get $3b for the business.
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