# Unusual volume in at-the-money call options of The Kraft Heinz Company (KHC) today shows investors may be nervous ahead of its upcoming earnings.

*business · news · 2026-04-15 · Barchart*

## Key points

- Unusual KHC call option volume is over 63 times prior levels at the $22.50 strike price.
- KHC's CEO recently canceled a planned company split, altering long-term strategy expectations.
- If KHC maintains a 17% FCF margin, its implied valuation could reach $32 billion.
- A lower, more conservative 15.85% FCF margin estimates KHC's valuation at $29.89 billion, up 14.3%.
- Short sellers can earn a 0.95% yield using at-the-money calls, reflecting hedging against a price drop.

**Companies:** The Kraft Heinz Company

[Read the full story on Barchart](https://www.barchart.com/story/news/1325360/unusual-kraft-heinz-options-trading-shows-investors-are-nervous-before-earnings)

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