Puts Purchased on AmBev (ABV)

Shares of AmBev

are higher on the session by 3.04%, currently trading at $26.43. The stock has been moving largely lower over the past two months and is currently trading between the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the July 2011 $26.00 put was purchased 3,000 times, on the offer, on open interest of 829 contracts. Overall put volume is now running at 4.14x the daily average with 90% of all puts traded being purchases on the offer. Companhia de Bebidas das Americas - AmBev is a Brazil-based company. AmBev and its subsidiaries produce, distribute and sell beer, carbonated soft drinks and other non-alcoholic and non-carbonated products in 14 countries across the Americas.