Notable Put Options Activity in GameStop

Shares of GameStop (NYSE: GME) are lower on the session by 4.49%, currently trading at $23.00. The stock has been moving largely lower over the past few 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 April 2012 $25.00 put, which has traded 3,400 times on open interest of 1,467contracts. Small lots are also highly active on the name.

Put volume is outpacing call volume by 6 to 1.

GameStop Corp. is a multichannel retailer of video game products and personal computer entertainment software.