Notable Put Options Activity in International Game Technology
Shares of International Game Technology (NYSE: IGT) are higher on the session by 0.09%, currently trading at $15.88. The stock has been moving largely lower over the past three weeks 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 February 2012 $16.00 put, which has traded 3,190 times on open interest of 3,399 contracts.
The majority of the action stems from a 3,116 contract block, sold at $0.50.
Put volume is outpacing call volume by 64 to 1.
International Game Technology is a global gaming company specializing in the design, manufacture, and marketing of electronic gaming equipment and systems.
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