Notable Put Options Activity in Arch Coal
By Michael J. Zerinskas
December 06, 2011 4:29 PM
December 06, 2011 4:29 PM
Shares of Arch Coal (NYSE: ACI) are higher on the session by 0.43%, currently trading at $16.50. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the December 2011 $17.00 put, which has traded 4,900 times on open interest of 753 contracts.
Put volume is outpacing call volume by 4 to 1.
Arch Coal, Inc. is a coal producer company. During the year ended December 31, 2010, the company sold 162.8 million tons of coal, including approximately 6.9 million tons of coal it purchased from third parties.
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