Notable Put Options Activity in Stone Energy

Shares of Stone Energy

are lower on the session by 0.09%, currently trading at $21.47. The stock has been moving largely higher over the past three weeks and is currently testing the 50-day moving average. Options traders are focusing on puts today. A short while ago the October 2011 $20.00 put traded 1,000 times on open interest of 1,494 contracts. Put volume is outpacing call volume by 3.5 to 1. Stone Energy Corporation is an independent oil and natural gas company. The company is engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties located primarily in the Gulf of Mexico.