Notable Put Options Activity in China Mobile

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Shares of China Mobile
CHL
are higher on the session by 0.13%, currently trading at $52.43. 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 June 2012 $42.50 put, which has traded 857 times on open interest of 302 contracts. Put volume is outpacing call volume by 4 to 1. China Mobile Limited provides a range of mobile telecommunications services in 31 provinces, autonomous regions and directly-administered municipalities in the People's Republic of China, as well as in the Hong Kong Special Administrative Region of the People's Republic of China.
Posted In: OptionsMarkets
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