Puts Purchased on Tyson Foods (TSN)

Shares of Tyson Foods Inc. TSN are lower on the session by 0.87%, currently trading at $18.16. The stock sold off throughout May, though has managed to regain the 50-day moving average in recent trading. Options traders are buying puts today. The October $15 put was purchased 4,000 times, on the offer, for $0.45. Open interest on the strike was 949 contracts, suggesting that a new, bear position has been opened. Put volume is now running at 14.3x the daily average. Tyson Foods, Inc. is a meat protein and food production company. The Company produces, distributes and markets chicken, beef, pork, prepared foods and related allied products. It operates in four segments: Chicken, Beef, Pork and Prepared Foods. The Company's integrated operations consist of breeding stock, contract growers, feed production, processing, further-processing, marketing and transportation of chicken and related allied products, including animal and pet food ingredients.