Notable Put Options Activity in Hormel Foods

Shares of Hormel Foods

are lower on the session by 5.34%, currently trading at $26.92. The stock has been moving largely lower over the past three weeks and is currently trading above the 50-day moving average. Options traders are focusing on puts today. A short while ago the September 2011 $30.00 put traded 790 times on open interest of 4,112 contracts. Hormel Foods Corporation is engaged in the production of a range of meat and food products and the marketing of those products throughout the United States and internationally.