Notable Put Options Activity in Melco Crown Entertainment
Shares of Melco Crown Entertainment (NASDAQ: MPEL ) are higher on the session by 3.25%, currently trading at $65.36. 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 November 2011 $8.00 put traded 4,800 times on open interest of 422 contracts.
Put volume is outpacing call volume by 15 to 1.
Melco Crown Entertainment Limited is a developer, owner and, through its subsidiary Melco Crown Gaming, operator of casino gaming and entertainment resort facilities focused on the Macau market.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.