Notable Put Options Activity in Lexmark International

Shares of Lexmark International

are higher on the session by 4.28%, currently trading at $34.48. 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 $33.00 put, which has traded 1,750 times on open interest of 105 contracts. The Feb2012 $29.00 put also traded 1,750 times on 4 contracts. The spread was executed at $1.16. Put volume is outpacing call volume by 12 to 1. Lexmark International, Inc. is engaged in developing, manufacturing and supplying printing and, imaging, document workflow, and content management solutions for the office.