Notable Put Options Activity in BreitBurn Energy Partners

Shares of BreitBurn Energy Partners BBEP are lower on the session by 0.31%, currently trading at $19.83. 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 June 2012 $20.00 put, which has traded 1,500 times on open interest of 475 contracts. Put volume is outpacing call volume by 12 to 1. BreitBurn Energy Partners L.P. is an independent oil and gas partnership focused on the acquisition, exploitation and development of oil and gas properties in the United States.