Notable Put Options Activity in Zhongpin
Shares of Zhongpin (NASDAQ: HOGS) are lower on the session by 17.87%, currently trading at $8.64. The stock has been moving largely lower over the past two months 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 $7.50 put, which has traded 2,200 times on open interest of 2,292 contracts.
Put volume is outpacing call volume by 3 to 1.
Zhongpin Inc. is a holding company, principally engaged in the meat and food processing and distribution business in the People's Republic of China.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.