Puts Purchased on ConAgra Foods, Inc. (CAG)

Shares of ConAgra Foods, Inc.

are higher on the session by 0.13%, currently trading at $23.88. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the May 2011 $24.00 put was purchased 1,200 times, on the offer, on open interest of 783 contracts. Overall put volume is now running at 2.16x the daily average with 100% of all puts traded being purchases on the offer. ConAgra Foods, Inc. is a food company. The company operates in two segments: Consumer Foods and Commercial Foods. On April 12, 2010, the company acquired Elan Nutrition, Inc., a privately held formulator and manufacturer of snack and nutrition bars.