Notable Put Options Activity in Texas Industries

Shares of Texas Industries (NYSE: TXI) are higher on the session by 1.24%, currently trading at $37.51. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average.

Options traders are focusing on puts today. A short while ago the September 2011 $35.00 put traded 1,500 times on open interest of 810 contracts.

Put volume is dominating call volume 10 to 1.

Texas Industries, Inc., is a supplier of heavy construction materials in the southwestern United States. The company operates in three segments: cement, aggregates and consumer products.