Notable Put Options Activity in Linn Energy
Shares of Linn Energy (NASDAQ: LINE) are higher on the session by 0.66%, currently trading at $38.40. The stock has been moving largely higher over the past three weeks 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 $38.00 put, which has traded 844 times on open interest of 209 contracts.
Put volume is outpacing call volume by 3 to 1.
Linn Energy, LLC is an independent oil and natural gas company. As of December 31, 2010, its proved reserves were 2,597 billions of cubic feet equivalent, of which approximately 36% were oil, 48% were natural gas and 16% were natural gas liquids.
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