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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.