Notable Put Options Activity in Meritage Homes

Shares of Meritage Homes

are higher on the session by 0.64%, currently trading at $15.79. 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 September 2011 $15.00 put traded 1,100 times on open interest of 58 contracts. The Sept2011 $12.50 put traded 1,300 times on 21 contracts. It is unclear as to if these lots are linked. Meritage Homes Corporation is engaged in homebuilding and related activities. Meritage Homes is a designer and builder of single-family attached and detached homes.