Notable Put Options Activity in Weatherford International
Shares of Weatherford International (NYSE: 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.
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