Notable Put Options Activity in Titanium Metals

Shares of Titanium Metals TIE are lower on the session by 0.64%, currently trading at $30.77. 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 January 2012 $16.00 put, which has traded 680 times on open interest of 1,530 contracts. Small lots are active in Jan2012 and Jan2013. Put volume is outpacing call volume by 2 to 1. Titanium Metals Corporation is a producer of titanium melted and mill products. The company has titanium production facilities in both the United States and Europe.