Notable Put Options Activity in Scotts Miracle-Gro

Shares of Scotts Miracle-Gro (NYSE: SMG) are lower on the session by 0.42%, currently trading at $42.06. 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 $40.00 put traded 1,500 times on open interest of 473 contracts.

Put volume is dominating call volume 142 to 1.

The Scotts Miracle-Gro Company, along with its subsidiaries, is engaged in the manufacturing, marketing and sale of lawn and garden care products, with products for professional horticulture as well.