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Shares of NetEase.com
NTES are lower on the session by 1.63%, currently trading at $44.57. The stock has been moving largely lower over the past six weeks and is currently trading below the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the June 2012 $38.00 put, which has traded 1,000 times on open interest of 212 contracts.
Put volume is outpacing call volume by 6 to 1.
NetEase.com, Inc. is an Internet technology company, which is engaged development of applications, services and other technologies for the Internet in the People's Republic of China.
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