Notable Put Options Activity in Ericsson
Shares of Ericsson (NASDAQ: ERIC) are lower on the session by 3.40%, currently trading at $9.66. The stock has been moving largely lower over the past two 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 $10.00 put, which has traded 2,100 times on open interest of 1,070 contracts.
Put volume is outpacing call volume by 13 to 1.
Telefonaktiebolaget LM Ericsson is a Sweden-based communications technology company. The company is engaged in the provision of communications infrastructure, services and multimedia solutions.
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