Notable Put Options Activity in ION Geophysical

Shares of ION Geophysical

are lower on the session by 4.96%, currently trading at $6.71. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average. Options traders are focusing on puts today. A short while ago the November 2011 $6.00 put traded 760 times on open interest of 3,162 contracts. Small lot puts are also active in October, November, and February 2012. Put volume is outpacing call volume by 17 to 1. ION Geophysical Corporation is a technology-focused seismic solutions company, which provides acquisition equipment, software and planning and seismic processing services to the global energy industry.