Puts Purchased on Dean Foods Company (DF)

Shares of Dean Foods Company DF are higher on the session by 0.29%, currently trading at $10.27. The stock has been moving largely sideways for the past six months following a sharp sell off in mid-May on high volume. Shares now appear to be consolidating around the 50-day moving average. Options traders are buying puts on the name today. A short while ago the December $10.00 put was traded 3,500 times on open interest of 6,917 contracts. The December $12.50 put also traded 1,700 times on open interest of 4,635 contracts. Overall put volume is now running at 8.16x the daily average with 66% 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.