Sysco Corporation (SYY) is a Houston based food wholesaler specializing in fully prepared frozen foods which it distributes to hospitals, schools, and other customers both within the US and internationally. At the time of this post (12:35PM CST) SYY is currently trading at 39.39, down 1.15% on the day. The stock is currently trading well within the upper portion of its 52 week range of 34.07-41.16 after printing the highs in late December.

Earlier this morning at approximately 10:40AM CST, OptionHacker detected and flagged a large block of unusually bullish options activity in the SYY May ’15 40.0 strike calls. A buyer stepped in and lifted the offer on just over 1,500 of these calls for $1.40, representing an initial cash outlay of approximately $211,680 before commissions. With an open interest of just 465 contracts in this strike, we can be confident that this was a bullish opening bet in SYY, looking for a push higher back over 40.0 and potentially to new 52 week highs by the May ’15 monthly options expiration.

Trade: I bought 100 SYY May 40 Calls for $1.45
Risk: $145 per 1 lot
Reward: Unlimited
Breakeven: $41.45

Regards,
Andrew Keene
KeeneOnTheMarket.com

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