Notable Put Options Activity in Weyerhaeuser

Shares of Weyerhaeuser WY are higher on the session by 2.37%, currently trading at $20.33. The stock has been moving largely higher over the past three 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 January 2013 $20.00 put, which has traded 21,760 times on open interest of 988 contracts. The action stems from a single block of 21,700 contracts, purchased for $2.75. The trade was tied to 950,000 shares of long stock Put volume is outpacing call volume by 22 to 1. Weyerhaeuser Company, formerly Weyerhaeuser Timber Company, is a forest products company. The company is principally engaged in growing and harvesting trees, builds homes and making a range of forest products.