Puts Purchased on Imperial Sugar Company

Shares of Imperial Sugar Company

are higher on the session by 0.79%, currently trading at $21.70. The stock has been moving largely higher over the past three 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 July 2011 $20.00 put was purchased 1,400 times, on the offer, on open interest of 91 contracts. Overall put volume is now running at 26.20x the daily average with 91% of all puts traded being purchases on the offer. Imperial Sugar Company is a processors and marketers of refined sugar in the North American Free Trade Agreement region. The company refines, packages and distributes cane sugar at refineries located in Georgia and Louisiana.