Notable Put Options Activity in Rio Tinto
Shares of Rio Tinto (NYSE: RIO) are higher on the session by 0.45%, currently trading at $62.90. The stock has been moving largely higher over the past six weeks 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 March 2012 $55.00 put, which has traded 2,000 times on open interest of 222 contracts. The Mar2012 $60.00 and $57.50 puts are also active.
Put volume is outpacing call volume by 11 to 1.
Rio Tinto plc is engaged in minerals exploration, development, production and processing. The company's product groups include aluminum, copper, diamonds and minerals, energy, and iron ore.
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