Bears and Chickens; Not a Great Mix (TSN)

Shares of Tyson Foods Inc. TSN are lower on the session by 6.46%, currently trading at $15.92. The stock is moving lower after the U.S. Labor Department requested that it be barred from federal contracts until it handles discrimination complaints. Options trading in the name in no less bearish. A short while ago the January 2011 $16.00 put was purchased 1,500 times on open interest of 366 contracts, and the January 2011 $15.00 put was purchased 5,800 times on open interest of 3,059 contracts. This has pushed put volume to 19x 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. For more great research like this, as well as how to play it through options…please visit Benzinga's Options & Volatility Edge and Benzinga's Cash Generator.