Notable Put Options Activity in Flowserve

Shares of Flowserve

are higher on the session by 0.84%, currently trading at $118.88. 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 March 2012 $110.00 put, which has traded 1,000 times on open interest of 113 contracts. Put volume is outpacing call volume by 25 to 1. Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The company develops and manufactures precision-engineered flow control equipment integral to the movement, control and protection of the flow of materials.