Notable Put Options Activity on Atlas Energy

Shares of Atlas Energy

are higher on the session by 2.19%, trading at $24.26. 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 $17.50 put, which has traded 1,300 times on open interest of 1,551 contracts. Put volume is outpacing call volume by 333 to 1. Atlas Energy, L.P., a midstream energy service company, engages in the gathering and processing of natural gas in the Mid-Continent and Appalachia regions.