Notable Put Options Activity in GrafTech International

Shares of GrafTech International (NYSE: GTI) are higher on the session by 2.32%, currently trading at $12.02. The stock has been moving largely lower over the past three 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 September 2012 $15.00 put, which has traded 1,260 times on open interest of 6,187 contracts.

Put volume is outpacing call volume by 73 to 1.

GrafTech International Ltd. is a manufacturer and provider of synthetic and natural graphite and carbon-based products

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