Puts Purchased on International Flavors & Fragrances

Shares of International Flavors & Fragrances Inc. IFF are lower on the session by 0.65%, currently trading at $64.31. 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 August 2011 $65.00 put traded 2,200 times on open interest of 46 contracts. Overall put volume is now running at 61.67x the daily average with 80% of all puts traded being purchases on the offer. International Flavors & Fragrances Inc. is a creator and manufacturer of flavor and fragrance products used by other manufacturers to impart or improve flavor or fragrance in a range of consumer products.