Notable Put Options Activity in Mechel
Shares of Mechel (NYSE: MTL) are lower on the session by 5.06%, currently trading at $10.88. The stock has been moving largely higher over the past two 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 April 2012 $9.00 put, which has traded 1,600 times on open interest of 356 contracts.
Put volume is outpacing call volume by 10 to 1.
Mechel OAO is a Russia-based integrated mining and steel company. The company focuses on the production of mining products, such as coal, iron ore, nickel, and steel products.
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