Notable Put Options Activity in Pitney Bowes

Shares of Pitney Bowes

are higher on the session by 0.21%, currently trading at $18.76. The stock has been moving largely lower over the past three months, though it is currently testing the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the April 2012 $17.00 put, which has traded 4,700 times on open interest of 2,096 contracts. Put volume is outpacing call volume by 5 to 1. Pitney Bowes Inc. is a provider of mail processing equipment and integrated mail solutions. The company offers a range of equipment, supplies, software, services and end-to-end solutions, which enable its customers to manage and integrate physical and digital communication channels.