Notable Put Options Activity in EXCO Resources
Shares of EXCO Resources (NYSE: XCO) are higher on the session by 3.34%, currently trading at $12.37. 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 October 2011 $10.00 put traded 1,500 times on open interest of 10 contracts. The Dec2011 $11.00 put also traded 1,000 times on 1,180 contracts.
EXCO Resources, Inc. is an independent oil and natural gas company engaged in the exploration, exploitation, development and production of onshore North American oil and natural gas properties.
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