Notable Put Options Activity in Herbalife
December 06, 2011 12:27 PM
Shares of Herbalife (NYSE: HLF) are lower on the session by 1.56%, currently trading at $56.12. The stock has been moving largely lower over the past five weeks and is currently testing the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2012 $50.00 put, which has traded 760 times on open interest of 2,725 contracts. Small lots are active in Jan2012.
Put volume is outpacing call volume by 8 to 1.
Herbalife Ltd. is a global network marketing company that sells weight management, nutritional supplements, energy, sports and fitness products and personal care products through a network of approximately 2.3 million independent distributors, except in China, where the company sells its products through retail stores.
