Puts Purchased on H.J. Heinz (HNZ)

Shares of H.J Heinz Co. HNZ are lower on the session by 1.46%, currently trading at $45.21.The stock has been moving largely lower, albeit slightly, over the past five months. The stock is trading above the 50-day and 200-day moving averages, though. Options traders are buying protection on the name today. The August $46.00 put was purchased 2,000 times, on the offer, earlier in the session; open interest on the name is 257 contracts. This signals new positioning on the strike. Put volume is now running at 2.50x the daily average. H. J. Heinz Company together with its subsidiaries is engaged in manufacturing and marketing a range of food products globally. The Company's principal products include ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant nutrition and other food products.
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