Notable Put Options Activity in Kaydon

Shares of Kaydon (NYSE: KDN) are lower on the session by 0.84%, currently trading at $37.72. 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 March 2012 $35.00 put, which has traded 977 times on open interest of 1,337 contracts.

Put volume is outpacing call volume by 4 to 1.

Kaydon Corporation is a designer and manufacturer of custom engineered, performance-critical products for diverse customer base.