Notable Put Options Activity in PACCAR

Shares of PACCAR

are lower on the session by 2.07%, currently trading at $42.34. 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 January 2012 $41.00 put traded 2,300 times on open interest of 818 contracts. The Jan2012 $36.00 put traded 3,200 times on 1,985 contracts. Put volume is outpacing call volume by 7 to 1. PACCAR Inc. is engaged in the design, manufacture and customer support of light, medium and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates.