Notable Put Options Activity in Excel Maritime Carriers

Shares of Excel Maritime Carriers

are higher on the session by 3.26%, currently trading at $2.22. The stock has been moving largely higher over the past two 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 $2.00 put, which has traded 2,000 times on open interest of 4,940 contracts. Put volume is outpacing call volume by 5 to 1. Excel Maritime Carriers Ltd. is a provider of worldwide sea borne transportation services for dry bulk cargo, including among others, iron ore, coal and grain, referred to as major bulks, and steel products, fertilizers, cement, bauxite, sugar and scrap metal, referred to as minor bulks.