Notable Put Options Activity in Eagle Bulk Shipping
Shares of Eagle Bulk Shipping (NASDAQ: EGLE) are lower on the session by 1.01%, currently trading at $1.465. The stock has been moving largely lower over the past four 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 September 2012 $1.00 put, which has traded 1,540 times on open interest of 19,251 contracts.
Put volume is outpacing call volume by 32 to 1.
Eagle Bulk Shipping Inc. is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.
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