Notable Put Options Activity in Skullcandy

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

Shares of Skullcandy (NASDAQ: SKUL) are lower on the session by 2.00%, currently trading at $12.23. 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. The strike seeing the heaviest action is the January 2012 $12.50 put, which has traded 1,100 times on open interest of 1,597 contracts. Put volume is outpacing call volume by 4 to 1. Skullcandy, Inc. develops and distributes headphones and other audio accessories to retailers throughout the United States and to distributors in various countries worldwide.

20-Year Pro Trader Reveals His "MoneyLine"

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