Notable Put Options Activity in Cephalon

Shares of Cephalon

are higher on the session by 0.41%, currently trading at $81.40. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. A short while ago the February 2012 $80.00 put traded 780 times on open interest of 440 contracts. Put volume is outpacing call volume by 16 to 1. Cephalon, Inc. is a global biopharmaceutical company dedicated to discovering, developing and bringing to market medications to improve the quality of life of individuals around the world.