Notable Put Options Activity in Western Union
February 06, 2012 11:54 AM
Shares of Western Union (NYSE: WU) are lower on the session by 1.47%, currently trading at $19.44. The stock has been moving largely higher over the past three 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 May 2012 $16.00 put, which has traded 1,170 times on open interest of 2,209 contracts. The May2012 $17.00 put also trade 1,000 times on 4,309 contracts.
Put volume is outpacing call volume by 5 to 1.
The Western Union Company is engaged in money movement and payment services. Western Union services are available through a global network of more than 445,000 agent locations in more than 200 countries and territories, with approximately 85% of those locations outside of the United States.
