The food distributor's shares closed yesterday off 0.53 percent to $30.14. Sysco has been trending higher since hitting a 52-week low of $25.09 at the beginning of October.
For the calls bought yesterday to turn a profit, Sysco's shares would need to gain roughly 3.5 percent or more by expiration on Feb. 17. The company's next earnings report is scheduled for the Monday morning.
Option volume at all SYY strikes totaled 9,450, about six times its daily average of 1,627. Calls outnumbered puts by nearly 10 to 1, a reflection of yesterday's bullish sentiment.
—McKhann has no positions in SYY.
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Chris McKhann is an analyst and writer for OptionMonster.