Notable Put Options Activity in Canadian Natural Resources
Shares of Canadian Natural Resources (NYSE: CNQ) are higher on the session by 5.09%, currently trading at $34.30. The stock has been moving largely lower over the past two weeks, but it is currently testing the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the December 2011 $35.00 put, which has traded 4,000 times on open interest of 3,365 contracts.
Put volume is outpacing call volume by 4 to 1.
Canadian Natural Resources Limited is an independent energy company engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, NGLs, and natural gas production.
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