Notable Put Options Activity in News Corporation

Shares of News Corporation (NYSE: NWS) are higher on the session by 1.04%, currently trading at $16.47. 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 January 2012 $17.00 put traded 1,500 times on open interest of 3,988 contracts.

Put volume is outpacing call volume by 60 to 1.

News Corporation is a diversified global media company. The company operates in six segments: Cable Network Programming; Filmed Entertainment; Television; Direct Broadcast Satellite Television; Publishing, and Other.