Notable Put Options Activity in Weatherford International

Shares of Weatherford International WFT are higher on the session by 2.10%, currently trading at $16.52. The stock has been moving largely higher over the past two 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 February 2012 $15.00 put, which has traded 20,450 times on open interest of 24,555 contracts. Put volume is outpacing call volume by 2 to 1. Weatherford International Ltd. is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells.