Notable Put Options Activity in Calpine
Shares of Calpine (NYSE: CPN) are lower on the session by 0.92%, currently trading at $15.11. The stock has been moving largely higher over the past two months 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 January 2012 $12.50 put, which has traded 800 times on open interest of 4,376 contracts.
Put volume is outpacing call volume by 2 to 1.
Calpine Corporation is an independent wholesale power company in the United States. Calpine owns and operates primarily natural gas-fired and geothermal power plants in North America.
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