Notable Put Options Activity in Jaguar Mining

Shares of Jaguar Mining JAG are lower on the session by 1.62%, currently trading at $6.70. 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 $5.00 put, which has traded 10,500 times on open interest of 7,281 contracts. Put volume is outpacing call volume by 4 to 1. Jaguar Mining Inc. is a gold mining company engaged in gold production and in the acquisition, exploration, development and operation of gold mineral properties in Brazil.