Notable Put Options Activity in Noble Energy

Shares of Noble Energy

are lower on the session by 2.68%, currently trading at $89.01. The stock has been moving largely higher over the past three months, though it 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 $85.00 put, which has traded 504 times on open interest of 579 contracts. Small lots are active on the name today. Put volume is outpacing call volume by 5 to 1. Noble Energy, Inc. is an independent energy company, which is engaged in the oil and gas exploration and production worldwide. The company has operations in four main areas: the Central DJ Basin onshore United States; the deepwater Gulf of Mexico; offshore West Africa, and offshore Eastern Mediterranean.