Notable Put Options Activity in Stryker

Shares of Stryker (NYSE: SYK) are lower on the session by 0.98%, currently trading at $54.64. The stock has been moving largely higher over the past eight 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 June 2012 $50.00 put, which has traded 3,100 times on open interest of 0 contracts. The June2012 $49.00 and $55.00 puts also traded 1,275 contracts on 0 open interest.

Put volume is outpacing call volume by 2 to 1.

Stryker Corporation is a medical technology company. The company provides orthopaedic implants, as well as medical and surgical equipment. It has two segments: Orthopaedic Implants and MedSurg Equipment.