Notable Put Options Activity in Newfield Exploration

Shares of Newfield Exploration NFX are lower on the session by 0.93%, currently trading at $36.26. The stock has been moving largely lower over the past three months 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 April 2012 $35.00 put, which has traded 5,700 times on open interest of 2,849 contracts. Put volume is outpacing call volume by 10 to 1. Newfield Exploration Company is an independent oil and gas company engaged in the exploration, development and acquisition of oil and gas properties.