Notable Put Options Activity in Comstock Resources

Shares of Comstock Resources

are higher on the session by 14.74%, currently trading at $19.38. The stock has been moving largely lower over the past three months, though it is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the March 2012 $17.50 put, which has traded 1,100 times on open interest of 233 contracts. Put volume is outpacing call volume by 3 to 1. Comstock Resources, Inc. is engaged in the acquisition, development, production and exploration of oil and natural gas.