Notable Put Options Activity in JetBlue Airways

Shares of JetBlue Airways JBLU are lower on the session by 0.60%, currently trading at $4.95. The stock has been moving largely lower over the past six 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 $20.00 put, which has traded 2,300 times on open interest of 5,770 contracts. Put volume is outpacing call volume by 36 to 1. JetBlue Airways Corporation is a passenger airline that operates primarily on point-to-point routes with its fleet of 115 Airbus A320 aircraft and 45 EMBRAER 190 aircraft, such as the youngest and most fuel-efficient fleet of any major United States airline.