Notable Put Options Activity in Globe Specialty Metals

Shares of Globe Specialty Metals

are lower on the session by 2.77%, currently trading at $12.64. 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 $17.50 put, which has traded 2,000 times on open interest of 2,227 contracts. Put volume is outpacing call volume by 660 to 1. Globe Specialty Metals, Inc. is a producer of silicon metal and silicon-based alloys, with approximately 100,000 metric tons of silicon metal capacity and 120,000 MT of silicon-based alloys capacity.