Notable Put Options Activity in Weyerhaeuser

Shares of Weyerhaeuser (NYSE: WY) are higher on the session by 1.43%, currently trading at $20.57. 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 $22.00 put, which has traded 3,275 times on open interest of 95 contracts.

Put volume is outpacing call volume by 7 to 1.

Weyerhaeuser Company, formerly Weyerhaeuser Timber Company, is a forest products company. The company is principally engaged in growing and harvesting trees, builds homes and making a range of forest products.

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