Notable Put Options Activity in Nexen

Shares of Nexen

are lower on the session by 0.99%, currently trading at $19.00. 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 December 2011 $19.00 put traded 1,600 times on open interest of 282 contracts. Put volume is outpacing call volume by 24 to 1. Nexen Inc. is an independent, Canada-based global energy company. It operates in two segments: Oil and Gas, and Energy Marketing. Nexen's oil sands investments include interests in the Long Lake project and the Syncrude joint venture.