This unusual trade has Wall Street clucking

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.

To get in on the potential rally, Keene purchased some options of his own. Specifically, he bought the January 50/55 call spread for 50 cents. This is a bullish strategy where a trader will purchase a call and then sell a higher strike call of the same expiration to offset the cost. The goal is for the stock to rise to the call that you are short. In Keene's trade, he sees the most profits if Tyson rises to $55, or more than 22 percent, by January expiration.

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"If Tyson goes to $55 or higher by January expiration I would get 900 percent returns on this trade," added the AlphaShark founder.

Wall Street analysts tend to agree that Tyson shares are going higher. According to FactSet, of the 11 that cover the stock the average price target is $48.70 with an overweight rating.

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Trading Nation is a multimedia financial news program that shows investors and traders how to use the news of the day to their advantage. This is where experts from across the financial world – including macro strategists, technical analysts, stock-pickers, and traders who specialize in options, currencies, and fixed income – come together to find the best ways to capitalize on recent developments in the market. Trading Nation: Where headlines become opportunities.

Michael Santoli

Michael Santoli joined CNBC in October 2015 as a Senior Markets Commentator, based at the network's Global Headquarters in Englewood Cliffs, N.J.  Santoli brings his extensive markets expertise to CNBC's Business Day programming, with a regular appearance on CNBC's Closing Bell (M-F, 3PM-5PM ET). In addition, he contributes to CNBC and CNBC PRO, writing regular articles and creating original digital videos.

Previously, Santoli was a Senior Columnist at Yahoo Finance, where he wrote analysis and commentary on the stock market, corporate news and the economy. He also appeared on Yahoo Finance video programs, where he offered insights on the most important business stories of the day, and was a regular contributor to CNBC and other networks.

Follow Michael Santoli on Twitter @michaelsantoli

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