Notable Put Options Activity in BorgWarner

Shares of BorgWarner (NYSE: BWA) are lower on the session by 1.19%, currently trading at $77.25. 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 $80.00 put, which has traded 1,240 times on open interest of 0 contracts.

Put volume is outpacing call volume by 16 to 1.

BorgWarner Inc. and Consolidated Subsidiaries is a global supplier of engineered automotive systems and components, primarily for powertrain applications. The company has two segments: Engine and Drivetrain.