Notable Put Options Activity in Enerplus Corporation
Shares of Enerplus Corporation (NYSE: ERF) are lower on the session by 2.66%, currently trading at $23.05. 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 2012 $23.00 put, which has traded 1,000 times on open interest of 914 contracts.
Put volume is outpacing call volume by 3 to 1.
Enerplus Corporation, formerly Enerplus Resources Fund, has oil and natural gas property interests are located in western Canada in the provinces of Alberta, British Columbia, Saskatchewan and Manitoba, and in the United States in the states of Montana, North Dakota, Maryland, Pennsylvania, West Virginia, Wyoming and Utah.
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