Notable Put Options Activity in Central European Media Enterprises

Shares of Central European Media Enterprises (NASDAQ: CETV) are lower on the session by 9.24%, currently trading at $10.26. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average.

Options traders are focusing on puts today. A short while ago the October 2011 $7.50 put traded 1,300 times on open interest of 41 contracts.

Put volume is outpacing call volume by 8 to 1.

Central European Media Enterprises Ltd. is a media company operating broadcasting, Internet and television content businesses in seven Central and Eastern European countries with an aggregate population of approximately 97 million people.