Notable Put Options Activity in Deckers Outdoor
By Michael J. Zerinskas
February 10, 2012 1:29 PM
February 10, 2012 1:29 PM
Shares of Deckers Outdoor (NASDAQ: DECK) are lower on the session by 2.43%, currently trading at $83.94. The stock has been moving largely lower over the past three months 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 March 2012 $80.00 put, which has traded 3,200 times on open interest of 641 contracts. The Mar2012 $77.50 put also traded 3,000 times on 237 contracts.
This appears to be an opening put spread.
Put volume is outpacing call volume by 7 to 1.
Deckers Outdoor Corporation is a designer, producer, marketer, and brand manager of footwear and accessories.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
We're Loving
