Notable Put Options Activity in Central European Distribution
Shares of Central European Distribution (NASDAQ: CEDC) are lower on the session by 18.40%, currently trading at $4.42. The stock has been moving largely lower over the past three 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 $5.00 put, which has traded 6,100 times on open interest of 8,892 contracts.
Put volume is outpacing call volume by 3 to 1.
Central European Distribution Corporation operates primarily in the alcohol beverage industry. CEDC is a producer of vodka and is Central and Eastern Europe's integrated spirit beverages business.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.