Call Buyers Target HJ Heinz Co. (HNZ)

Shares of HJ Heinz Co. HNZ are lower on the session by 0.28%, currently trading at $46.12. The stock has been rallying over the past week after a sharp sell off in May. The stock recently tested and held the 200-day moving average. Options traders are buying calls on HNZ today; the September $50 call was purchased, on the offer, 4,691 times. Open interest on the strike is only 424 contracts, signaling new, bullish activity. Call volume is now running at 3.83x the daily average. H. J. Heinz Company together with its subsidiaries is engaged in manufacturing and marketing a range of food products globally. The Company's principal products include ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant nutrition and other food products. The Company's principal products include ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant nutrition and other food products.