Notable Put Options Activity in Titanium Metals
Shares of Titanium Metals (NYSE: 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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.