Puts Purchased on Tyson Foods, Inc. (TSN)

Shares of Tyson Foods, Inc. TSN are lower on the session by 0.57%, currently trading at $19.11. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying puts on the name today. A short while ago the May 2011 $18.00 put was purchased 3,800 times, on the offer, on open interest of only 1,666 contracts. This signals new positioning on the name. Overall put volume is now running at 4.30x the daily average with 86% of all puts traded being purchases on the offer. Tyson Foods, Inc. is a meat protein and food production company. It produces, distributes and markets chicken, beef, pork, prepared foods and related allied products. Its operations are conducted in four segments: Chicken, Beef, Pork and Prepared Foods.