Notable Put Options Activity in Textron

Shares of Textron (NYSE: TXT) are higher on the session by 1.22%, currently trading at $16.65. 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 $12.50 put traded 1,400 times on open interest of 3,687 contracts. The Jan2013 $12.50 put also traded 2,900 times on 3,085 contracts.

Put volume is dominating call volume 6 to 1.

Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services globally.