Notable Put Options Activity in Weyerhaeuser
Shares of Weyerhaeuser (NYSE: 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.
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