Notable Put Options Activity in Con-way
Shares of Con-way (NYSE: CNW) are lower on the session by 1.02%, currently trading at $32.07. 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 $30.00 put, which has traded 1,025 times on open interest of 387 contracts.
Put volume is outpacing call volume by 4 to 1.
Con-way Inc. provides transportation, logistics and supply-chain management services for a wide range of manufacturing, industrial and retail customers.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.