Puts Purchased on Central European Distribution

Shares of Central European Distribution CEDC are lower on the session by 2.12%, currently trading at $10.61. The stock has been moving largely lower over the past six months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the September 2011 $12.50 put traded 2,500 times on open interest of 25,993 contracts. Overall put volume is now running at 2.47x the daily average with 98% of all puts traded being purchases on the offer. Central European Distribution Corporation operates primarily in the alcohol beverage industry. CEDC is a producer of vodka and is Central and Eastern Europe's integrated spirit beverages business.