Notable Put Options Activity in Royal Bank of Canada

Shares of Royal Bank of Canada

are higher on the session by 0.75%, currently trading at $56.27. 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 April 2012 $60.00 put, which has traded 1,750 times on open interest of 182 contracts. Put volume is outpacing call volume by 2 to 1. Royal Bank of Canada is a diversified financial services company. RBC provides personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis.