Options Brief: Sara Lee Corp. (SLE)

SLE – Sara Lee Corp. – Investors exchanging options on the maker of brand-name consumer products appear to be positioning for shares of the underlying stock to hit a new 52-week high by expiration day in September. Sara Lee’s shares inched up 0.10% to $14.20 by 12:05 pm (ET). Optimists picked up approximately 1,700 calls at the September $15 strike for an average premium of $0.20 a-pop. Call buyers are poised to profit should SLE’s shares rally 7.00% to surpass the current 52-week high of $15.08, attained back on June 22, and exceed the effective breakeven price of $15.20 by September expiration.

About Andrew Wilkinson 1023 Articles

Affiliation: Interactive Brokers

Andrew Wilkinson is the senior market analyst at Interactive Brokers Group, where he provides daily commentary and analysis on U.S. equity options trading throughout the trading day. Andrew provides webinars designed to explain option-related trading scenarios covering futures, fixed income, forex and equities.

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