Notable Put Options Activity in Open Text

Shares of Open Text

are higher on the session by 0.38%, currently trading at $49.86. 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 May 2012 $50 put, which has traded 1,000 times on open interest of 183 contracts. Put volume is outpacing call volume by 25 to 1. Open Text Corporation is engaged in providing enterprise content management software solutions. Open Text builds software that combines collaboration and process optimization.