Are there "b-b-bucks" in chicken? The options market seems to think so ... by betting against it.
And that might be a bad move, according to Rebecca Darst of Interactive Brokers.
"Corn futures were the story yesterday, with the futures setting their 15th record for the year so far on dwindling inventory numbers," Darst said on CNBC's "Squawk Box." "The way this is playing out in the options market is through defensive positioning in the major chicken producers. On the surface of it, this would seem like a sort of an intuitive, knee-jerk reaction, kind of like when oil prices go up, you buy puts on the airlines or something, and yet it seems to ignore some of the complexities in the market."
Puts give a trader the right to sell a certain stock at a certain price in the future. Traders buy puts when they think a stock might fall in price.