Notable Put Options Activity in Olin
Shares of Olin (NYSE: OLN) are higher on the session by 0.92%, currently trading at $21.94. 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 $20.00 put, which has traded 1,000 times on open interest of 335 contracts.
Put volume is outpacing call volume by 5 to 1.
Olin Corporation is a manufacturer concentrated in two business segments: Chlor Alkali Products and Winchester. Chlor Alkali Products manufactures and sells chlorine and caustic soda, sodium hydrosulfite, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.
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