Downside Purchased on C.H. Robinson (CHRW)

Shares of C.H. Robinson Worldwide Inc. CHRW are higher on the session by 0.84%, currently trading at $58.50. The stock has been moving largely higher over the past five months after a steep sell off in February. Options traders are bracing for downside in the name today by buying puts. The August $50.00 put was purchased 2,000 times, near the offer, earlier in the session; open interest on the strike is 16,960 contracts. Put volume is now running at 4.59x the daily average with over 66% of all puts traded being purchases on the offer. C.H. Robinson Worldwide, Inc. is a third party logistics company. It provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. During the year ended December 31, 2009, C.H. Robinson handled approximately 7.5 million shipments for more than 35,000 customers.