Notable Call Options Activity in Smithfield Foods

Shares of Smithfield Foods

are higher on the session by 0.14%, currently trading at $22.25. The stock has been moving largely lower over the past three weeks and is currently trading below the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the July 2012 $23.00 call, which has traded 528 times on open interest of 69 contracts. Calls are outpacing puts today by 31 to 1. Smithfield Foods, Inc., together with its subsidiaries, produces and markets a range of fresh meat and packaged meat products both domestically and internationally.