Puts Purchased on Safeway Inc.

Shares of Safeway Inc. SWY are higher on the session by 0.09%, currently trading at $22.21. The stock has been moving largely higher over the past four months, but it is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short while ago the June 2011 $22.00 put was purchased 4,000 times, on the offer, on open interest of 1,978 contracts. Overall put volume is now running at 11.39x the daily average with 99% of all puts traded being purchases on the offer. Safeway Inc. is a food and drug retailer in North America. As of January 1, 2011, the company had 1,694 stores. The company's the United States retail operations are located in California, Oregon, Washington, Alaska, Colorado, Arizona, Texas, the Chicago metropolitan area and the Mid-Atlantic region.