Notable Put Options Activity in Arcos Dorados

Shares of Arcos Dorados ARCO are lower on the session by 3.18%, currently trading at $18.59. The stock has been moving largely lower over the past six weeks and is currently trading below the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the August 2012 $17.50 put, which has traded 3,078 times on open interest of 4,489 contracts. Put volume is outpacing call volume by 13 to 1. Arcos Dorados Holdings Inc. is a McDonald's franchisee. As of December 31, 2010, the company operated or franchised 1,755 McDonald's-branded restaurants, which represented 6.7% of McDonald's total franchised restaurants globally.