Notable Put Options Activity in Hercules Offshore

Shares of Hercules Offshore (NASDAQ: HERO) are higher on the session by 6.50%, currently trading at $5.41. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average.

Options traders are focusing on puts today. The strike seeing the heaviest action is the April 2012 $7.00 put, which has traded 2,100 times on open interest of 40 contracts.

Put volume is outpacing call volume by 3 to 1.

Hercules Offshore, Inc. provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry worldwide.

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