Notable Put Options Activity in AmerisourceBergen

Shares of AmerisourceBergen

are lower on the session by 1.37%, currently trading at $35.87. 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 $34.00 put, which has traded 1,500 times on open interest of 3,015 contracts. Put volume is outpacing call volume by 7 to 1. AmerisourceBergen Corporation is a pharmaceutical services company, with operations primarily in the United States and Canada. Servicing both healthcare providers and pharmaceutical manufacturers in the pharmaceutical supply channel, the company provides drug distribution and related services.