Notable Put Options Activity in US Airways Group
Shares of US Airways Group (NYSE: LCC) are higher on the session by 1.74%, currently trading at $7.01. 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 February 2012 $18.00 put, which has traded 1,770 times on open interest of 33 contracts.
Put volume is outpacing call volume by 10 to 1.
US Airways Group, Inc. is a holding company whose business activity is the operation of network air carrier through its wholly owned subsidiaries US Airways, Inc., Piedmont Airlines, Inc., PSA Airlines, Inc., Material Services Company, Inc., and Airways Assurance Limited.
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