Notable Call Options Activity in Pilgrim's Pride
Shares of Pilgrim's Pride (NYSE: PPC) are lower on the session by 4.19%, currently trading at $5.95. 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 calls today. The strike seeing the heaviest volume is the December 2011 $5.00 call, which has traded 2,500 times on open interest of 12,230 contracts.
Calls are outpacing puts today by 5 to 1.
Pilgrim's Pride Corporation is a chicken producer with operations in the United States, Mexico and Puerto Rico. The company is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators.
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