Market Overview

Notable Put Options Activity in MetroPCS Communications

Shares of MetroPCS Communications (NYSE: PCS) are lower on the session by 3.41%, currently trading at $9.07. The stock has been moving largely higher over the past six 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 $10.00 put, which has traded 6,450 times on open interest of 230 contracts.

Put volume is outpacing call volume by 32 to 1.

MetroPCS Communications, Inc. is a wireless telecommunications provider in the United States measured by the number of subscribers served.

Posted-In: Options Markets

 

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