Notable Put Options Activity in New Oriental Education & Technology
Shares of New Oriental Education & Technology (NYSE: EDU) are lower on the session by 10.07%, currently trading at $22.68. The stock has been moving largely lower over the past three months 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 January 2013 $25 put, which has traded 2,000 times on open interest of 4,951 contracts.
Put volume is outpacing call volume by 7 to 1.
New Oriental Education & Technology Group Inc. is a provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.