Notable Put Options Activity in Philip Morris International

Shares of Philip Morris International

are lower on the session by 3.33%, currently trading at $73.37. The stock has been moving largely lower over the past six weeks 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 February 2012 $65.00 put, which has traded 20,200 times on open interest of 839 contracts. The Feb2012 $72.50 put also traded 12,800 times on 3,604 contracts. Put volume is outpacing call volume by 3 to 1. Philip Morris International Inc. is a holding company. PMI, through its subsidiaries and affiliates and their licensees, is engaged in the manufacture and sale of cigarettes and other tobacco products in markets outside of the United States of America.