Notable Put Options Activity in Hess

Shares of Hess

are lower on the session by 0.82%, currently trading at $53.47. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the January 2012 $60.00 put traded 12,800 times on open interest of 16,238 contracts. Hess Corporation is a global integrated energy company that operates in two segments: Exploration and Production, and Marketing and Refining. The E&P segment explores for, develops, produces, purchases, transports and sells crude oil and natural gas.