Calls Volume Grows on Dean Foods (DF)

Shares of Dean Foods Co. DF are higher on the session by 3.98%, currently trading at $10.19. The stock has been moving largely sideways for the past five months after a sharp drop lower, on very high volume, back in mid-May. The stock is trading below the 50-day moving average. Options traders are buying calls on the name today. The September $10.00 call was purchased 1,300 times, on the offer, a short while ago; open interest on the strike is 3,515 contracts. There has also been a smattering of smaller lot call buying on the $11.00 and $12.50 strikes in nearly every month. Call volume is now running at 3.02x the daily average. Dean Foods Company is a food and beverage company. The company operates through two segments: Fresh Dairy Direct and WhiteWave-Morningstar. Fresh Dairy Direct, formerly DSD Dairy, is a processor and distributor of milk and other dairy products in the United States, with products sold under more than 50 local and regional brands and a range of private labels.