Puts Purchased on Chiquita Brands International (CQB)

Shares of Chiquita Brands International CQB are higher on the session by 1.20%, currently trading at $16.00. The stock has been moving largely higher over the past six months and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short while ago the June 2011 $16.00 put was purchased 3,000 times, on the offer, for $1.00 on open interest of 0 contracts. Overall put volume is now running at 22.72x the daily average with 99% of all puts traded being purchases on the offer. Chiquita Brands International, Inc., along with its subsidiaries, is a marketer and distributor of bananas and other fresh produce, sold under the Chiquita and other names, and of packaged salads sold under the Fresh Express and other names primarily in the United States.