Puts Purchased on Chiquita Brands (CQB)
Puts Purchased on Chiquita Brands (CQB)
Shares of Chiquita Brands International Inc. (NYSE: CQB) are higher on the session by 1.91%, currently trading at $14.37. The stock has been moving largely higher over the past four weeks, but is now butting its head against resistance.
Options traders are buying protection on the name today. The September $12.50 put was purchased 1,000 times, on the offer, earlier in the session; open interest on the strike is only 29 contracts, signaling new, bearish positioning on the name.
Put volume is now running at 10.24x the daily average.
Chiquita Brands International, Inc., along with its subsidiaries, is a marketer and distributor of bananas and other fresh produce, sold under the Chiquita and other names, and of packaged salads sold under the Fresh Express and other names primarily in the United States
