Notable Put Options Activity in Live Nation Entertainment

Shares of Live Nation Entertainment

are lower on the session by 7.24%, currently trading at $9.74. The stock has been moving largely lower over the past two weeks and is currently trading below the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the March 2012 $7.50 put, which has traded 20,000 times on open interest of 0 contracts. The Apr2012 $10.00 put also traded 11,950 times on 11,779 contracts. Put volume is outpacing call volume by 67 to 1. Live Nation Entertainment, Inc. is a live entertainment company. It is a producer of live music concerts worldwide.