Notable Put Options Activity in Smithfield Foods

Shares of Smithfield Foods

are higher on the session by 1.73%, currently trading at $24.66. 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. The strike seeing the heaviest action is the April 2012 $16.00 put, which has traded 640 times on open interest of 630 contracts. Small lots are active in Apr2012. Put volume is outpacing call volume by 17 to 1. Smithfield Foods, Inc., together with its subsidiaries, produces and markets a range of fresh meat and packaged meat products both domestically and internationally. The company operates in four se segments: Pork, Hog Production, International and Corporate.