Notable Put Options Activity in PICO Holdings

Shares of PICO Holdings PICO are higher on the session by 0.05%, currently trading at $21.87. 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 December 2011 $22.50 put traded 480 times on open interest of 208 contracts. Put volume is outpacing call volume by 250 to 1. PICO Holdings, Inc. is a diversified holding company. As of December 31, 2010, the company operated in five segments: water resource and water storage operations; real estate operations; insurance operations in run off; corporate, and agribusiness operations