Notable Put Options Activity in Continental Resources
Shares of Continental Resources (NYSE: CLR) are lower on the session by 1.82%, currently trading at $80.32. 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 March 2012 $75.00 put, which has traded 2,900 times on open interest of 1,905 contracts.
Put volume is outpacing call volume by 5 to 1.
Continental Resources, Inc. is an independent crude oil and natural gas exploration and production company with operations in the North, South and East regions of the United States.
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