Puts Purchased on Yuhe International

Shares of Yuhe International YUII are lower on the session by 6.30%, currently trading at $4.31. The stock has been moving largely lower over the past five months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the June 2011 $5.00 put was purchased 600 times, on the offer, on open interest of 70 contracts. Overall put volume is now running at 24.82x the daily average with 89% of all puts traded being purchases on the offer. Yuhe International, Inc., through its operating subsidiaries, is a supplier of day-old chicken raised for meat production, or broilers, in the People's Republic of China. The company purchases parent breeding stock from breeder farms, raises them to produce hatching eggs, and hatches the eggs to day-old broilers.