Notable Put Options Activity in Alcatel Lucent

Shares of Alcatel Lucent ALU are higher on the session by 8.65%, currently trading at $1.695. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2012 $1.50 put, which has traded 2,800 times on open interest of 8,543 contracts. Put volume is outpacing call volume by 6 to 1. Alcatel Lucent is engaged in mobile, fixed, Internet Protocol and optics technologies, applications and services. The company is a partner of service providers, enterprises, industries and governments worldwide.