Notable Put Options Activity in Arcos Dorados

Shares of Arcos Dorados

are lower on the session by 1.41%, currently trading at $22.32. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the November 2011 $30.00 put traded 2,050 times on open interest of 2,226 contracts. Put volume is outpacing call volume by 3 to 1. Arcos Dorados Holdings Inc. is a McDonald's franchisee. As of December 31, 2010, the company operated or franchised 1,755 McDonald's-branded restaurants, which represented 6.7% of McDonald's total franchised restaurants globally.