Notable Put Options Activity in Hospira

Shares of Hospira (NYSE: HSP) are higher on the session by 1.71%, currently trading at $31.54. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average.

Options traders are focusing on puts today. A short while ago the November 2011 $30.00 put traded 1,382 times on open interest of 3,063 contracts.

Put volume is outpacing call volume by 42 to 1.

Hospira, Inc. is a specialty pharmaceutical and medication delivery company. Hospira's portfolio includes generic acute-care and oncology injectables, as well as integrated infusion therapy and medication management systems.