Notable Put Options Activity in CTC Media

Shares of CTC Media

are lower on the session by 0.73%, currently trading at $10.86. 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 August 2012 $10.00 put, which has traded 1,000 times on open interest of 482 contracts. Put volume is outpacing call volume by 200 to 1. CTC Media, Inc. operates three Russian television networks, which include CTC, its flagship network, Domashny and DTV. The company also operates Channel 31, a television network in Kazakhstan, and a television channel in Moldova, each offering entertainment programming.