Notable Put Options Activity in Murphy Oil
Shares of Murphy Oil (NYSE: MUR) are higher on the session by 0.96%, currently trading at $60.17. 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 April 2012 $50.00 put, which has traded 3,640 times on open interest of 4,138 contracts. The Apr2012 $52.50 put also traded 1,340 times on 279 contracts.
Put volume is outpacing call volume by 81 to 1.
Murphy Oil Corporation is an oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.