Notable Put Options Activity in Electronic Arts

Shares of Electronic Arts (NASDAQ: ERTS) are higher on the session by 1.40%, currently trading at $21.79. The stock has been moving largely lower over the past five weeks 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 January 2012 $21.00 put, which has traded 9,200 times on open interest of 11,542 contracts.

Put volume is outpacing call volume by 4 to 1.

Electronic Arts Inc. develops, markets, publishes and distributes game software and content that can be played by consumers on a variety of video game machines and electronic devices (platforms), including video game consoles.