Notable Put Options Activity in Northrop Grumman - Northrop Grumman (NYSE:NOC)

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Shares of Northrop Grumman (NYSE: NOC) are higher on the session by 2.94%, currently trading at $56.78. The stock has been moving largely lower over the past three weeks, though it is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2012 $52.50 put, which has traded 3,500 times on open interest of 488 contracts. Put volume is outpacing call volume by 8 to 1. Northrop Grumman Corporation is an integrated enterprise consisting of businesses that cover the entire security spectrum, from undersea to outer space and into cyberspace.

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