Puts Sold on Supervalu (SVU)

Shares of Supervalu Inc. SVU are lower on the session by 0.78%, currently trading at $10.81. The stock has been trading largely lower over the past four months, with little to no rally along the way. Options traders are selling puts on SVU today. The January $10.00 strike was sold 3,550 times, on the bid, on open interest of 19,362 contracts; this suggests that a long put positing was closed out of. Put volume is now running at 4x the daily average. SUPERVALU INC., together with its subsidiaries, operates retail food stores in the United States. The company’s stores offer general merchandise, health and beauty care, pharmacy, and fuel products under the under the Acme, Albertsons, Bristol Farms, Cub Foods, Farm Fresh, Hornbacher’s, Jewel-Osco, Lucky, Save-A-Lot, Shaw’s, Shop ‘n Save, Shoppers Food & Pharmacy, and Star Market banners, as well as in-store pharmacies under the Osco and Sav-on banners.