Notable Put Options Activity in Sysco

Shares of Sysco

are higher on the session by 1.12%, currently trading at $27.50. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. A short while ago the May 2012 $25.00 put traded 9,400 times on open interest of 5,020 contracts. The Dec2011 $28.00 put also traded 2,000 times on 505 contracts. Put volume is outpacing call volume by 12 to 1. Sysco Corporation, along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry.