Notable Put Options Activity in Safeway

Shares of Safeway SWY are lower on the session by 10.10%, currently trading at $20.38. The stock has been moving largely higher over the past three months, but it 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 $23.00 put, which has traded 5,000 times on open interest of 5,065 contracts. The Mar2012 $21 and $22 puts are also active. Put volume is outpacing call volume by 3 to 1. Safeway Inc. is a food and drug retailer in North America. As of January 1, 2011, the company had 1,694 stores. The company's the United States retail operations are located in California, Oregon, Washington, Alaska, Colorado, Arizona, Texas, the Chicago metropolitan area and the Mid-Atlantic region