Puts Purchased on C.H. Robinson Worldwide (CHRW)

Shares of C.H. Robinson Worldwide Inc. CHRW are higher on the session by 1.53%, currently trading at $61.81. The stock has been moving largely higher over the past six months and is trading at a fresh 52-week high today. Options traders are buying protection today, though. The August $60 put was purchased 1,200 times on open interest of 3,551 contracts and the August $50 put was purchased 4,500 times on open interest of 16,508 contracts. Put volume is now running at 3.43x the daily average. C.H. Robinson Worldwide, Inc. is a third party logistics company. It provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. During the year ended December 31, 2009, C.H. Robinson handled approximately 7.5 million shipments for more than 35,000 customers.