Notable Put Options Activity in USG

Shares of USG

are higher on the session by 1.39%, currently trading at $8.74. The stock has been moving largely higher over the past three weeks and is currently testing the 50-day moving average. Options traders are focusing on puts today. A short while ago the November 2011 $7.00 put traded 1,800 times on open interest of 3,242 contracts. Put volume is outpacing call volume by 19 to 1. USG Corporation, through its subsidiaries, is a manufacturer and distributor of building materials. USG produces a range of products for use in new residential, new nonresidential, and residential and nonresidential repair and remodel construction, as well as products used in certain industrial processes.