At least one bull isn't feeling too chicken about Tyson.
Shares of the poultry producer rallied nearly 1 percent Monday after a series of eyebrow-raising options trades had Wall Street clucking.
"Institutional order flow is telling me that Tyson can get above the $50 level by January," Andrew Keene said Monday on CNBC's "Trading Nation." Keene noted the unusual activity came in the form of a $2 million bet that the stock could soar by the start of next year.
Specifically, that trader purchased 30,000 of the January 50-strike calls at an average price of 60 cents. "I think we are going to get a pop here," he added. That would represent a 13 percent increase from the stock's Monday closing price of $44.78 and puts the stock at an all-time high.
According to Keene, the chart of Tyson also looks quite constructive. As he pointed out that the stock has been in a "clear bull channel" for the last several years and is currently trading above its key 50-day and 200-day moving averages. Technicians often look to so called bull channels as confirmation of where a stock may go next.