Notable Put Options Activity in Pitney Bowes

Shares of Pitney Bowes PBI are higher on the session by 1.16%, currently trading at $19.19. The stock has been moving largely higher over the past two months, though it is currently testing the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the February 2012 $17.00 put, which has traded 3,300 times on open interest of 4,527 contracts. Large lots are active on the name today. Put volume is outpacing call volume by 7 to 1. Pitney Bowes Inc. is a provider of mail processing equipment and integrated mail solutions. The company offers a range of equipment, supplies, software, services and end-to-end solutions, which enable its customers to manage and integrate physical and digital communication channels.