Notable Put Options Activity in Progress Energy

Shares of Progress Energy

are higher on the session by 0.86%, currently trading at $50.59. The stock has been moving largely higher over the past three 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 $48.00 put traded 800 times on open interest of 738 contracts. Put volume is outpacing call volume by 18 to 1. Progress Energy, Inc. is a utility holding company engaged in the regulated electric utility business.