Notable Put Options Activity in Tenneco

Shares of Tenneco

are higher on the session by 5.54%, currently trading at $31.43. The stock has been moving largely higher over the past five 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 $27.00 put, which has traded 1,250 times on open interest of 2,532 contracts. Put volume is outpacing call volume by 5 to 1. Tenneco Inc. is engaged in the business of designing, manufacturing and selling of emission control and ride control systems and products for light, commercial and specialty vehicle applications.