Notable Put Options Activity in Skullcandy
Shares of Skullcandy (NASDAQ: SKUL) are lower on the session by 2.00%, currently trading at $12.23. 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 $12.50 put, which has traded 1,100 times on open interest of 1,597 contracts.
Put volume is outpacing call volume by 4 to 1.
Skullcandy, Inc. develops and distributes headphones and other audio accessories to retailers throughout the United States and to distributors in various countries worldwide.
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