Traders bought over 5,000 MDLZ Jan 42 puts via intermarket sweeps paying .45 up to .50 a contract. On the day puts are out pacing calls 5 to 1.

Mondelez International Inc., trading 44.47 (down .38) with an IV30 of 33.41 up .55% and an HV10 of 23, is seeing bearish put buying today.The stock, with an ADV of 18,700 and an OI of 620,000, is seeing heavy put buying in January OTM puts.Today customers have bought over 5,000 of the Jan 42 puts via intermarket sweeps paying .45 up to .50 a contract.In addition traders have bought the 41’s over 2200 times.On the day puts are out pacing calls 5 to 1.

This appears to be a customer that is looking to hedge MDLZ against a downside sell off. The customer is probably long stock and is afraid of the stock having a drop in the near future.The customer will do his or her best if the stock drops toward 41.00 a share.

These puts should be considered aggressively bearish the underlying and bullish volatility.