Notable Put Options Activity in Hospira

Shares of Hospira (NYSE: HSP) are higher on the session by 3.76%, currently trading at $34.23. 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 $35.00 put, which has traded 1,000 times on open interest of 861 contracts.

Put volume is outpacing call volume by 4 to 1.

Hospira, Inc. is a specialty pharmaceutical and medication delivery company. Hospira's portfolio includes generic acute-care and oncology injectables, as well as integrated infusion therapy and medication management systems.