Options Brief: Pilgrim's Pride

Shares of Pilgrim's Pride

are lower on the session by 12.24%, trading at $3.73. Overall put volume is now running at 10.91x the daily average, with 87% of all puts traded being purchases on the offer. 3,329 contracts have traded on the session so far. Pilgrim's Pride Corporation is a chicken producer with operations in the United States, Mexico and Puerto Rico.