Notable Put Options Activity in Sanderson Farms

Shares of Sanderson Farms

are lower on the session by 3.26%, currently trading at $39.12. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the September 2011 $35.00 put traded 1,300 times on open interest of 70 contracts. Sanderson Farms, Inc. is a poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products.