Notable Put Options Activity in Polaris Industries

Shares of Polaris Industries

are higher on the session by 1.52%, currently trading at $56.95. 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 March 2012 $40.00 put traded 2,500 times on open interest of 40 contracts. Put volume is outpacing call volume by 22 to 1. Polaris Industries Inc. designs, engineers and manufactures off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility use, snowmobiles, and on-road vehicles, including motorcycles and low emission vehicles, together with the related replacement parts, garments and accessories.