Puts Volume Grows on Stryker Corp. (SYK)

Shares of Stryker Corp.

are lower on the session by 0.82%, currently trading at $50.15. The stock has been drifting lower for the past four weeks and has recently broken down through the 200-day moving average. Options traders are picking up puts on the name today. Though action has been primarily in small lots, volume is running at 3.56x the daily average. Traders are focusing in on the $49 and $50 strikes in multiple months. Stryker Corporation is a medical technology company with a range of products in orthopedics and a presence in other medical specialties.