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Shares of Trinity Industries
TRN are higher on the session by 1.64%, currently trading at $33.55. The stock has been moving largely lower over the past two weeks and is currently testing the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the April 2012 $31.00 put, which has traded 2,000 times on open interest of 103 contracts.
Put volume is outpacing call volume by 47 to 1.
Trinity Industries, Inc. is a multi-industry company, which owns a range of businesses, which provides products and services to the industrial, energy, transportation, and construction sectors.
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