Notable Put Options Activity in Bunge

Shares of Bunge

are lower on the session by 0.13%, currently trading at $62.82. 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 November 2011 $57.50 put traded 1,100 times on open interest of 3,943 contracts. The Jan2012 $55.00 put also traded 3,000 times on 1,268 contracts. Put volume is outpacing call volume by 2.5 to 1. Bunge Limited is a global agribusiness and food company operating in the farm-to-consumer food chain. It conducts its business in four divisions: agribusiness, sugar and bioenergy, food and ingredients and fertilizer.