Notable Put Options Activity in VIVUS

Shares of VIVUS

are higher on the session by 5.99%, currently trading at $11.85. 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 February 2012 $11.00 put, which has traded 14,100 times on open interest of 18,112 contracts. Put volume is outpacing call volume by 4 to 1. VIVUS, Inc. is a biopharmaceutical company. The company is engaged in development and commercialization of therapeutic drugs for large underserved markets, including obesity and related morbidities, such as sleep apnea and diabetes and men's sexual health.