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Shares of LyondellBasell
LYB are higher on the session by 0.18%, currently trading at $33.35. 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 September 2011 $36.00 put traded 2,200 times on open interest of 4,574 contracts.
Put volume is outpacing call volume 5 to 1.
LyondellBasell Industries NV is a Netherlands-based company engaged in the chemical industry. The company products are divided into four sections: Olefins and Polyefins, Intermediates and Derivatives,Refining and Oxyfuels and Technology.
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