Notable Put Options Activity in M.D.C. Holdings
Shares of M.D.C. Holdings (NYSE: MDC) are higher on the session by 1.97%, currently trading at $19.18. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the February 2012 $18.00 put, which has traded 1,770 times on open interest of 33 contracts.
Put volume is outpacing call volume.
M.D.C. Holdings, Inc. operates in two business segments: homebuilding and financial services. The homebuilding operations consist of wholly owned subsidiary companies, which purchase finished lots for the construction and sale of single-family detached homes to homebuyers under the name Richmond American Homes.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.