Notable Put Options Activity in ITT

Shares of ITT

are lower on the session by 0.80%, currently trading at $22.42. 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 $20.00 put, which has traded 3,150 times on open interest of 230 contracts. Put volume is outpacing call volume by 17 to 1. ITT Corporation is a diversified manufacturer of engineered critical components and customized technology solutions for industrial end-markets in energy infrastructure, electronics, aerospace and transportation.