Notable Put Options Activity in L & L Energy

Shares of L & L Energy (NASDAQ: LLEN) are lower on the session by 0.06%, currently trading at $71.90. The stock has been moving largely lower over the past six weeks 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 February 2012 $2.00 put, which has traded 2,650 times on open interest of 1,326 contracts. Small lots are also active on the name. Put volume is outpacing call volume by 8 to 1. L & L Energy, Inc. produces, processes and sells coal in the People's Republic of China. As of April 30, 2011, the company's vertically integrated coal operations include four coal mines, three coal washing plans, one coking facility, and a coal wholesale and distribution network in the southwest region of China.