Notable Put Options Activity in Smithfield Foods

Shares of Smithfield Foods

are higher on the session by 0.36%, currently trading at $22.02. The stock has been moving largely higher 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 January 2012 $7.50 put traded 4,000 times on open interest of 14,603 contracts. Put volume is dominating call volume 13 to 1. Smithfield Foods, Inc., together with its subsidiaries, produces and markets a range of fresh meat and packaged meat products both domestically and internationally.