Notable Put Options Activity in McDermott International

Shares of McDermott International (NYSE: MDR) are lower on the session by 1.86%, currently trading at $10.04. 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 January 2012 $4.00 put, which has traded 1,300 times on open interest of 1,315 contracts.

Put volume is outpacing call volume by 7 to 1.

McDermott International, Inc. is an engineering, procurement, construction and installation company. MII focuses on designing and executing complex offshore oil and gas projects worldwide.