Cloudy Weather Report Ramallah, Palestine +4°C, Cloudy

Latest News

View more

Benue First Lady begs Tor Tiv to reduce bride price

The inability of young men to get married due to the high bride price has been a source of worry to the First Lady of

Five days after Boko Haram bombed Borno, Osinbajo declares group defeated

Just days after Boko Haram bombers attacked Borno state and killed several people, acting president Yemi Osinbajo has declared the insurgent group defeated. Acting president Osinbajo

Bonuses, growth of mavros stopped as MMM announces new strategy

As millions of Nigeria continue to hope they get their money back from MMM Nigeria, the Ponzi scheme has decided to implement a new strategy. The

Activities paralysed in Ogun as angry rice sellers, youths protest invasion by customs officers

A protest by angry youths and rice sellers in Ogun is reportedly turning violent at the Sango-Ota area of the state with the participants blocking

Southern Kaduna boy hopes to use his locally produced toy gun to scare herdsmen away (photo, video)

The crisis between farmers and herdsmen in Nigeria have spanned through various states in the country. These states include Benue, Enugu, Nasarawa, Abia among many other

Southern Kaduna Killings: Death toll rises to 26

KADUNA—The death toll from the invasion of three villages in Kaura and one in Jema’a Local Government areas in the southern part of Kaduna State

Worth Reading

Marriage Infidelity: See How Man Who Used Juju On His Wife Became A Victim

A jealous man who laced his wife with the very powerful 'Magun' (a charm meant to curb infidelity in married women), got more than he

Woman Steals Two-month-old Baby in Lagos…Find Out What Happened Next

An Ebute Meta Chief Magistrates’ Court sitting in the commercial city of Lagos, on Tuesday, arraigned a 35-year-old woman for allegedly stealing a two-month-old baby. A

Actress Matilda Obaseki slams married BB Naija contestant, Thin Tall Tony

According to Matilda, it is a shame for Thin Tall Tony to deny his wife and children because N25 million which is the prize money


View more


View more
Home | News |

Something funky happened in Unilever trading just before Kraft-Heinz announced it attempted a takeover (UL, KHC)

On Friday, Kraft-Heinz confirmed that it had approached Unilever about a $143 billion merger in what would be one of the largest M&A deals ever.

This followed a Financial Times post breaking the news early on Friday that Unilever had been approached to create one of the world's largest consumer goods companies. Unilever and Kraft, however, subsequently said the offer had been rejected.

Recent options trading in Unilever, however, has raised some eyebrows as a spike in upside bets started a few days before the deal was announced.

According to data collected by Bloomberg, 10,909 call options were traded on Wednesday, February 15, the most since 2011. Essentially, these are contracts that give an investor a right to buy Unilever stock specified price at a specified time. Call options are typically thought of as a bet the stock will go up, since a trader profits if the stock goes above the option price.

Essentially, these are contracts that give an investor a right to buy Unilever stock at a specified price at a specified time. Call options are typically thought of as a bet the stock will go up, since a trader profits if the stock goes above the option price.

According to the Bloomberg data, this was the highest number of bullish bets on Unilever's stock since 2011. Additionally, put options — basically, the opposite bet on the stock falling — only traded 232 times on Wednesday.

On Wednesday, most of the calls bought were for $40 and $45 strike prices with the expiration date of March 17. According to the company's Kraft's offer was for $50 a share for Unilever, so the bets are already profitable as Unilever shares are up 10% near $47 on Friday.

The pattern wasn't confined to Wednesday either, 5,186 call options traded on Thursday, February 16 in the US versus just 31 put options.

Unilever closed at $42.57 a share on Thursday.


No tags for this article
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
What's next

Related Articles

Apple's $5 billion campus will officially open in April — and you'll be able to visit (AAPL)

Apple has announced that its new $5 billion (£4 billion) campus will be open to employees starting in April. The Silicon Valley tech giant said it

Martin Scorsese and Robert De Niro's long-awaited new gangster movie is headed to Netflix

It looks like you won't have to run to the theater to see the long-awaited reunion of Martin Scorsese and Robert De Niro. Their next collaboration,

Yahaya Bello: Kogi now haven for Boko Haram, says Governor

Gov. Yahaya Bello of Kogi on Tuesday said that following the technical defeat of the Boko Haram insurgency in the North-East, its fleeing members had

Most Watched Videos

View all posts

Nigerians Take Buhari's Case To Yoruba Shrine, Spiritually Nails His Heart, Eyes To Tree [WATCH VIDEO]

Nigerians are uncontrollably angry, the want their president, Muhammadu Buhari to die by any means possible as they claim to have suffered a lot within

FG establishes National Social Register for poor, vulnerable Nigerians

The federal government says it has perfected plans to establish a national social register for poor and vulnerable Nigerians The register will be established through the

BREAKING: Buhari rejects senate recommendation to sack Babachir, gives reasons

President Muhammadu Buhari has rejected the recommendation by the Senate that he should sack Secretary to the Government of the Federation (SGF) Engr. David Babachir

I gave birth to my son, i did not give birth to his Boko Haram lifestyle - Old woman cries out

The mother of a Boko Haram member has spoken on her experiences and how she currently feels about the actions of her son. Boko Haram members Her

Most Read News

View all posts

Kwara LG pensioners fast for pensions, gratuities 

Pensioners from the 16 local governments in Kwara on Monday said they had begun a seven-day fasting and prayers for God’s intervention over unpaid N7bn

Luxury bus plunges into Owode river in Ikorodu

A fully-loaded luxury bus plunged into owode river on Owode/Ikorodu road. Three person were feared dead, many rescued from the Owode river. The luxury bus said

Apple is restructuring the way it works with its lead advertising agency (AAPL, OMC)

Apple is changing the way it works with its lead advertising agency TBWA\Media Arts Lab as part of an effort to streamline its global marketing

Pulse Blogger: Dear parent , you may have created a drug addict

Prescription drug misuse is the intentional or unintentional use of medication without prescription, in a way other than as prescribed or for pleasurable reasons. Drug misuse

World Day of Social Justice: Lawyers condemn unfair labour practices

As Nigeria commemorates World Day of Social Justice, legal practitioners, specialising in labour matters, have condemned prevailing unfair practices in the workplaces. Some of the lawyers

If PDP had remained in power, Boko Haram would have taken over Aso Rock — Garba Shehu

Garba Shehu has argued that had the PDP remained in power after 2015, the dreaded Boko Haram sect would have taken over Aso Rock Presidential spokesperson,

Most Watched Movies

Kiss On A Royal Balcony

A king is under pressure from the ruling council of the land to produce a male heir. He succeeds in meeting their demands only for

Girls At War Season 1

This highly comical movie encapsulates a very gripping family drama laced with a beautiful suspense.In this movie,an enormous family complication has interestingly found its way

Lies Of Married Men

How crazy a man can get by killing his best friend for his mistress.. watch as the story unfolds! Starring; Rita Dominic, Ashley Nwosu, Patience Ozokwor,

Quest For Riches 8

Tobe whose eye was so blinded by his quest for wealth. His Anger and wrath took him to dangerous place where he even had to

Mr Ibu in Child Dedication 2

A young woman(Chika Ike)suffered alot with her kids due to the curse that was placed on her by her supposed husband(clem ohameze)one of her daughter

Unpleasant Yoke

Revelation 3:20 Behold, I stand at the door, and knock: if any man hear my voice, and open the door, I will come in to