Notable Put Options Activity on Hercules Offshore

Shares of Hercules Offshore

are lower on the session by 1.83%, trading at $4.30. 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 $4.00 put, which has traded 2,300 times on open interest of 1,448 contracts. Put volume is outpacing call volume by 11 to 1. Hercules Offshore, Inc. provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry worldwide.