Notable Put Options Activity in GlaxoSmithKline

Shares of GlaxoSmithKline (NYSE: GSK) are lower on the session by 4.03%, currently trading at $44.32. The stock has been moving largely higher over the past two months, but it is currently trading below the 50-day moving average.

Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2012 $46.00 put, which has traded 3,000 times on open interest of 4,603 contracts.

Put volume is outpacing call volume by 4 to 1.

GlaxoSmithKline plc is global healthcare group, which is engaged in the creation and discovery, development, manufacture and marketing of pharmaceutical products, including vaccines, over-the-counter medicines and health-related consumer products.