Earnings rolled in from egg producer Cal-Maine Foods (CALM: sentiment, chart, options) and investors aren't happy. The company posted fiscal third-quarter net income earnings of $57.2 million, or $2.41 per share, compared to its year-ago profit of $17.4 million, or 74 cents per share. Sales soared to $278 million from $175.2 million. The firm stated that demand was strong in retail and food service.

While the shares of CALM were up 12% in pre-market trading, the stock has started the regular trading session with a loss of more than 5%. The equity has pulled back to support at its rising 20-day moving average. In fact, CALM has rallied along the support from its 10-day and 20-day trendlines since late January. Additional support is climbing into the region in the form of the stock's 10-week moving average.

Meanwhile, options players placed some heavy bets against the shares. Schaeffer's put/call open interest ratio of 0.88 is higher than 99% of all those taken during the past year. In other words, short-term options speculators have been more pessimistically aligned toward the shares just 1% of the time during the past 52 weeks.

For more information on CALM, please read:

The Casual Contrarian: Can Cal Maine Foods (CALM) Scramble Higher?

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