Notable Put Options Activity in Perrigo
Shares of Perrigo (NASDAQ: PRGO) are higher on the session by 1.96%, currently trading at $94.96. The stock has been moving largely lower over the past six weeks and is currently trading below the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the March 2012 $85.00 put, which has traded 4,350 times on open interest of 142 contracts. Large lots are also active in February.
Put volume is outpacing call volume by 20 to 1.
Perrigo Company is a global healthcare supplier that develops, manufactures and distributes over-the-counter and generic prescription pharmaceuticals, nutritional products, infant formulas, active pharmaceutical ingredients and pharmaceutical and medical diagnostic products.
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