Tyson Foods pulled back on Friday after a big rally, and the momentum bulls jumped on board.
OptionMonster's tracking programs detected the purchase of about 4,100 April 24 calls for $0.45 and $0.50. Volume slightly exceeded previous open interest at the strike, indicating that new money was put to work on the long side.
Calls lock in the price where investors can buy shares in the meat and poultry company. That will give them significant leverage to the upside if it bounces in the next two weeks, but the contracts will lose most of their value if it doesn't.