Notable Put Options Activity in GNC Holdings

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Shares of GNC Holdings (NYSE: GNC) are lower on the session by 1.89%, currently trading at $33.31. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the April 2012 $40.00 put, which has traded 830 times on open interest of 830 contracts. Put volume is outpacing call volume by 6 to 1. GNC Holdings, Inc., formerly GNC Acquisition Holdings Inc., is a holding company. It is a specialty retailer of nutritional supplements. Nutritional supplements include vitamins, minerals and herbal supplements, sports nutrition products, diet products and other wellness products.

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