Notable Put Options Activity in New York Community Bancorp

Shares of New York Community Bancorp

are higher on the session by 1.30%, currently trading at $12.15. The stock has been moving largely higher over the past two weeks and is currently testing the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the December 2011 $12.00 put, which has traded 1,000 times on open interest of 2,000 contracts. Put volume is outpacing call volume by 8 to 1. New York Community Bancorp, Inc. is a bank holding company and a producer of multi-family mortgage loans in New York City, with an emphasis on apartment buildings that feature below-market rents.