Puts Purchased on The J. M. Smucker Company (SJM)

Shares of The J. M. Smucker Company

are lower on the session by 0.71%, currently trading at $74.49. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the June $75.00 put was purchased 2,000 times, on the offer, on open interest of 315 contracts. Overall put volume is now running at 28.94x the daily average with 84% of all puts traded being purchases on the offer. The J. M. Smucker Company is engaged in the manufacturing and marketing of branded food products on a worldwide basis. Majority of the company's sales are in the United States. The company's operations outside the United States are principally in Canada although products are exported to other countries, as well.