Notable Put Options Activity in Meritor
Shares of Meritor (NASDAQ: MTOR) are higher on the session by 11.07%, currently trading at $9.03. 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 $8.00 put traded 2,800 times on open interest of 275 contracts.
Put volume is outpacing call volume by 10 to 1.
Meritor, Inc., formerly ArvinMeritor, Inc., is engaged in providing drivetrain mobility and braking solutions for original equipment manufacturers of trucks, trailers and specialty vehicles, as well as the related aftermarkets in the transportation and industrial sectors.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.