Puts Purchased on Forest Oil Corporation (FST)

Shares of Forest Oil Corporation

are lower on the session by 0.29%, currently trading at $33.85. 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 buying puts on the name today. A short while ago the June 2011 $30.00 put was purchased 2,500 times, on the offer, on open interest of 2,619 contracts. Overall put volume is now running at 2.29x the daily average with 85% of all puts traded being purchases on the offer. Forest Oil Corporation is an independent oil and gas company engaged in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids primarily in North America.