Notable Put Options Activity in NRG Energy
Shares of NRG Energy (NYSE: NRG) are lower on the session by 1.58%, currently trading at $16.16. 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 2013 $15.00 put, which has traded 1,700 times on open interest of 1,275 contracts.
Put volume is outpacing call volume by 7 to 1.
NRG Energy, Inc. is a wholesale power generation company. In June 2010, NRG acquired a pipeline of solar development projects from US Solar Ventures, which is an affiliate of Arclight Capital Partners, LLC.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.