Notable Put Options Activity in Officemax
Shares of Officemax (NYSE: OMX) are higher on the session by 0.20%, currently trading at $4.90. The stock has been moving largely lower over the past three months, though it is currently trading above the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the May 2012 $5.00 put, which has traded 800 times on open interest of 180 contracts.
Put volume is outpacing call volume by 20 to 1.
Officemax Incorporated provides office supplies and paper, print and document services, technology products and solutions, and office furniture to large, medium and small businesses, government offices and consumers.
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