Notable Put Options Activity in Sterlite Industries

Shares of Sterlite Industries SLT are lower on the session by 6.15%, currently trading at $9.92. The stock has been moving largely higher over the past two 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 June 2012 $7.50 put, which has traded 500 times on open interest of 2,703 contracts. Put volume is outpacing call volume by 26 to 1. Sterlite Industries Limited is a metals and mining company. The company operates in three segments: Copper, Phosphoric Acid and other business segment.