Notable Put Options Activity in Celanese
Shares of Celanese (NYSE: CE) are lower on the session by 1.94%, currently trading at $46.62. The stock has been moving largely lower over the past five 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 $45.00 put, which has traded 750 times on open interest of 1,310 contracts. Small lots are also active in Apr2012.
Put volume is outpacing call volume by 5 to 1.
Celanese Corporation is a global technology and specialty materials company. The company is a producer of acetyl products, which are intermediate chemicals, for industries, as well as a global producer of engineered polymers that are used in a variety of applications.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.