Notable Put Options Activity in Kellogg
Shares of Kellogg (NYSE: K) are lower on the session by 0.55%, currently trading at $50.91. The stock has been moving largely higher over the past two 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 February 2012 $50.00 put, which has traded 5,800 times on open interest of 1,122 contracts.
Put volume is outpacing call volume by 15 to 1.
Kellogg Company is engaged in the manufacture and marketing of ready-to-eat cereal and convenience foods. The company principal products are ready-to-eat cereals and convenience foods, such as cookies, crackers, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles and veggie foods.
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