Notable Put Options Activity in Skullcandy
Shares of Skullcandy (NASDAQ: SKUL) are lower on the session by 3.69%, currently trading at $12.01. The stock has been moving largely lower over the past six 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 $12.50 put, which has traded 780 times on open interest of 352 contracts.
Put volume is outpacing call volume by 16 to 1.
Skullcandy, Inc. develops and distributes headphones and other audio accessories to retailers throughout the United States and to distributors in various countries worldwide.
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