Shares of Dean Foods Co. are up .31 TO 15.41 today. ?DF is near the bottom of the 52-week range.

Today paper traded 4150 DF Jan 2015 15 puts at 1.55-1.60.? The ADV is 1918 contracts.? The OI is 3255 contracts.

The volume went up in several blocks.? The IV is down just slightly with this trade marking buy write.? This could be a short puts and stock trade but at the bottom of the range makes little sense unless the trader thinks DF is stuck here. DF has traded around the $15 area for 6 weeks so this could be looking for more of the same. The put sale would place the stock right around the 52-week low.

30-day implied volatility is 40%.?? 10-day implied volatility is 42%.? 30-day implied volatility is trading below the 10-day historical volatility.

Dean Foods Company is a food and beverage company.