Notable Put Options Activity in Ariba

Shares of Ariba

are higher on the session by 1.72%, currently trading at $31.37. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. A short while ago the October 2011 $30.00 put traded 1,000 times on open interest of 1,017 contracts. Put volume is outpacing call volume by 40 to 1. Ariba, Inc. is a provider of collaborative business commerce solutions for buying and selling goods and services. The company combines software-as-a-service technology with a Web-based community and a global network of trading partners.