Bought Kellogg’s $62.5 calls for May on Friday morning. Stock has taken an unfair hit in the downturn in my opinion. Shelves of boxed goods sold out everywhere; they may have a blowout year.

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CPG sales planning is done year prior plus if their SC guys are any good they’d try to minimize whipsaw by not overcompensating for this sudden (and likely short lived) surge in demand. Too lazy to check their ratios but if their ratios and price drop are analogous to competitors like GIS MDLZ etc I’d say it’s nothing special.

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