Notable Put Options Activity on AstraZeneca

Shares of AstraZeneca (NYSE: AZN) are lower on the session by 1.22%, trading at $45.77. The stock has been moving largely higher over the past three weeks 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 $45.00 put, which has traded 1,000 times on open interest of 5,060 contracts.

Put volume is outpacing call volume by 4 to 1.

AstraZeneca PLC is a global biopharmaceutical company. AstraZeneca discovers, develops and commercializes prescription medicines for six areas of healthcare: Cardiovascular, Gastrointestinal, Infection, Neuroscience, Oncology, and Respiratory and Inflammation.