Options Brief: Safeway

Shares of Safeway (NYSE:

) are lower on the session by 3.44%, trading at $19.25. Overall put volume is now running at 7.65x the daily average, with 90% of all puts traded being purchases on the offer. 7,504 contracts have traded on the session so far. Safeway Inc. is a food and drug retailer in North America. As of January 1, 2011, the company had 1,694 stores. The company's the United States retail operations are located in California, Oregon, Washington, Alaska, Colorado, Arizona, Texas, the Chicago metropolitan area and the Mid-Atlantic region.