Puts Purchased on Dean Foods

Shares of Dean Foods (NYSE: DF) are lower on the session by 9.27%, currently trading at $8.22. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average.

Options traders are buying puts on the name today. A short while ago the September 2011 $10.00 put traded 3,000 times on open interest of 473 contracts.

Overall put volume is now running at 3.35x the daily average with 94% of all puts traded being purchases on the offer.

Dean Foods Company is a food and beverage company. It operates through two segments: Fresh Dairy Direct-Morningstar and WhiteWave-Alpro.