Notable Put Options Activity in America Movil

Shares of America Movil (NYSE: AMX) are higher on the session by 2.18%, currently trading at $25.10. 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 $25.00 put traded 1,600 times on open interest of 7,029 contracts.

Put volume is outpacing call volume by 96 to 1.

America Movil SAB de CV is a Mexico-based company primarily engaged in providing wireless communications services in Latin America.