Notable Put Options Activity in Boyd Gaming
Shares of Boyd Gaming (NYSE: BYD) are higher on the session by 1.30%, currently trading at $8.15. 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 $8.00 put, which has traded 1,500 times on open interest of 13 contracts. The June 2012 $6.00 put also traded 1,100 times on 462 contracts.
Put volume is outpacing call volume by 9 to 1.
Boyd Gaming Corporation is a multi-jurisdictional gaming company. Boyd Gaming is a diversified operator of 15 wholly owned gaming entertainment properties and one controlling interest in a limited liability company that operates Borgata Hotel Casino and Spa in Atlantic City, New Jersey.
