Notable Put Options Activity in Gannett

Shares of Gannett

are lower on the session by 0.45%, currently trading at $15.32. 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 January 2013 $7.500 put, which has traded 2,900 times on open interest of 2,841 contracts. Put volume is outpacing call volume by 34 to 1. Gannett Co., Inc. is an international media and marketing solutions company. The company provides consumers with the information, through the Internet, mobile, newspapers, magazines and television stations.