Shares of SUPERVALU INC. (NYSE:

) are higher on the session by 4.37%, trading at $8.48. Overall put volume is now running at 3.75x the daily average, with 6% of all puts traded being purchases on the offer. 12,475 contracts have traded on the session so far. SUPERVALU INC. is a United States grocery channel. SUPERVALU conducts its retail operations under the Acme, Albertsons, Bristol Farms, Cub Foods, Farm Fresh, Hornbacher's, Jewel-Osco, Lucky, Save-A-Lot, Shaw's, Shop 'n Save, Shoppers Food & Pharmacy and Star Market banners as well as in-store pharmacies under the Osco and Sav-on banners.