Notable Put Options Activity in Sysco

Shares of Sysco (NYSE: SYY) are lower on the session by 4.14%, currently trading at $29.62. 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 February 2012 $30.00 put, which has traded 2,000 times on open interest of 8,467 contracts.

Put volume is outpacing call volume by 4 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.