Puts Purchased on Dean Foods Company (DF)

Shares of Dean Foods Company DF are higher on the session by 0.39%, currently trading at $10.40. The stock has been moving largely higher over the past two months and is currently trading between the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the February 2011 $10.00 put was purchased 7,000 times, on the offer, on open interest of 5,213 contracts. Overall put volume is now running at 4.21x the daily average with 82% of all puts traded being purchases on the offer. 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.