Notable Put Options Activity in Weyerhaeuser

Shares of Weyerhaeuser (NYSE: WY) are higher on the session by 0.31%, currently trading at $16.25. The stock has been moving largely lower over the past three weeks and is currently trading below the 50-day moving average.

Options traders are focusing on puts today. A short while ago the December 2011 $16.00 put traded 500 times on open interest of 652 contracts. The Nov2011 $17.00 put also traded 500 times on 1,523 contracts.

Put volume is outpacing call volume by 13 to 1.

Weyerhaeuser Company, formerly Weyerhaeuser Timber Company, is a forest products company. The company is principally engaged in growing and harvesting trees, builds homes and making a range of forest products.