Notable Put Options Activity in Trimble Navigation
Shares of Trimble Navigation (NASDAQ: TRMB) are higher on the session by 1.43%, currently trading at $45.41. 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 $40.00 put, which has traded 725 times on open interest of 350 contracts.
Put volume is outpacing call volume by 7 to 1.
Trimble Navigation Limited provides advanced positioning product solutions, to commercial and government users. The principal application areas include surveying, agriculture, construction, asset management, mapping and mobile resource management.
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