Is the Options Market Predicting a Spike in The Campbell's (CPB) Stock?

Core Viewpoint - Investors in The Campbell's Company (CPB) should monitor stock movements closely due to significant implied volatility in the options market, particularly for the Jan 17, 2025 $20 Call option [1] Company Analysis - The Campbell's Company currently holds a Zacks Rank of 3 (Hold) within the Food - Miscellaneous industry, which is positioned in the bottom 48% of the Zacks Industry Rank [3] - Over the past 60 days, no analysts have raised their earnings estimates for the current quarter, while five analysts have lowered their estimates, resulting in a decrease of the Zacks Consensus Estimate from 82 cents per share to 74 cents [3] Options Market Insights - The high implied volatility suggests that options traders anticipate a significant price movement for The Campbell's shares, indicating potential trading opportunities [4] - Seasoned options traders often seek high implied volatility options to sell premium, aiming to benefit from the decay of options value if the underlying stock does not move as much as expected [4]