Notable Put Options Activity in Ambev

Shares of Ambev

are higher on the session by 2.38%, currently trading at $32.26. The stock has been moving largely lower over the past three weeks and is currently trading below the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the April 2012 $31.00 put, which has traded 780 times on open interest of 35 contracts. Put volume is outpacing call volume by 8 to 1. Companhia de Bebidas das Americas - Ambev is a Brazil-based company. AmBev and its subsidiaries produce, distribute and sell beer, carbonated soft drinks and other non-alcoholic and non-carbonated products in 14 countries across the Americas.