In Wednesday’s Blitz Daily, we take a look at beverage company Monster as options activity heats up over recent merger talks.
Company mergers and acquisitions have been the driving force behind some of the biggest market moves so far in 2022, and talks are heating up again for Monster, a top energy drink brand.
Reports hit Monday that beer barons Constellation Brands — owners of imported labels Corona and Modelo — were making progress with its merger offer.
The news helped the stock pop about 3% on Tuesday, and bullish options traders were back for more!
Wednesday saw institutional buyers zero in on the March 18 $90 strike calls, sweeping up over 3,100 contracts for more than $125,000!
And if energy drinks aren’t your cup of tea, don’t worry… I have two more top midweek trades waiting for you inside…
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