Notable Put Options Activity in Eagle Bulk Shipping

Shares of Eagle Bulk Shipping

are lower on the session by 2.51%, currently trading at $0.994. The stock has been moving largely lower over the past three 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 February 2012 $1.00 put, which has traded 511 times on open interest of 20 contracts. The Jun2012 $1.00 put also traded 502 times on 1,411 contracts. Put volume is outpacing call volume by 9 to 1. Eagle Bulk Shipping Inc. is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.