Notable Put Options Activity in Pacer International
By Michael J. Zerinskas
January 13, 2012 4:14 PM
January 13, 2012 4:14 PM
Shares of Pacer International (NASDAQ: PACR) are lower on the session by 2.05%, currently trading at $5.73. The stock has been moving largely higher over the past three months 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 June 2012 $5.00 put, which has traded 2,300 times on open interest of 5,396 contracts.
Put volume is outpacing call volume by 18 to 1.
Pacer International, Inc. is an asset-light transportation and global logistics services provider. The company provides its transportation services from two operating segments: intermodal and logistics.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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