Unusual Options Activity: Lamb Weston Holdings (LW)

Unusual Options Activity: Lamb Weston Holdings (LW)

Frozen potato producer and distributor Lamb Weston Holdings (LW) is down over 50% in the past year. With food prices starting to fall on a year-over-year basis, one trader sees further downside ahead. That’s based on the July $42.50 puts. With 122 days until expiration, 17,609 contracts traded compared to a prior open interest of 159, for a massive 111-fold rise in volume on the trade. The buyer of the puts paid $2.20 to make the bearish bet. La…