Puts Purchased on Chiquita Brands International

Shares of Chiquita Brands International CQB are lower on the session by 5.83%, currently trading at $12.44. The stock has been moving largely lower over the past two months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the August 2011 $11.00 put was purchased 3,000 times, on the offer, on open interest of 43 contracts. Overall put volume is now running at 20.41x the daily average with 94% 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.