Notable Put Options Activity in Canadian Natural Resources

Shares of Canadian Natural Resources TTM are higher on the session by 2.16%, currently trading at $35.48. 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. A short while ago the September 2011 $37.00 put traded 1,000 times on open interest of 2,462 contracts. The Oct2011 $37.00 put also traded 1,000 times on 96 contracts. This appears to be a roll. Put volume is dominating call volume 4 to 1. Canadian Natural Resources Limited is an independent energy company engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, NGLs, and natural gas production.