Notable Put Options Activity in Starwood Hotels & Resorts Worldwide
Shares of Starwood Hotels & Resorts Worldwide (NYSE: HOT) are lower on the session by 0.70%, currently trading at $48.18. 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 February 2012 $47.00 put, which has traded 4,700 times on open interest of 800 contracts.
Put volume is outpacing call volume by 24 to 1.
Starwood Hotels & Resorts Worldwide, Inc. is a hotel and leisure company. The company conducts its hotel and leisure business both directly and through its subsidiaries.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.