Notable Put Options Activity in Medivation

Shares of Medivation

are lower on the session by 3.35%, currently trading at $45.53. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2012 $35.00 put, which has traded 1,000 times on open interest of 1,536 contracts. Put volume is outpacing call volume by 111 to 1. Medivation, Inc. is a biopharmaceutical company focused on the rapid development of small molecule drugs to treat serious diseases, for which there are limited treatment options.