Notable Put Options Activity in LDK Solar

Shares of LDK Solar (NYSE: LDK) are lower on the session by 1.08%, currently trading at $4.56. The stock has been moving largely higher over the past five weeks 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 December 2011 $5.00 put, which has traded 25,300 times on open interest of 41,495 contracts. The Mar2012 $3.00 put also traded 25,000 times on 1,203 contracts.

Put volume is outpacing call volume by 4 to 1.

LDK Solar Co., Ltd. is a producer of solar wafers in terms of capacity, and a solar module manufacturer. It sells multicrystalline and monocrystalline wafers to manufacturers of solar cells and modules.