Notable Put Options Activity in Newfield Exploration
By Michael J. Zerinskas
November 30, 2011 4:32 PM
November 30, 2011 4:32 PM
Shares of Newfield Exploration (NYSE: NFX) are higher on the session by 7.19%, currently trading at $45.30. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the December 2011 $40.00 put, which has traded 2,000 times on open interest of 11,071 contracts.
Put volume is outpacing call volume by 6.5 to 1.
Newfield Exploration Company is an independent oil and gas company engaged in the exploration, development and acquisition of oil and gas properties.
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