Notable Put Options Activity in Live Nation Entertainment

Shares of Live Nation Entertainment LYV are higher on the session by 4.30%, currently trading at $9.22. 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. A short while ago the January 2012 $7.50 put traded 1,900 times on open interest of 5,457 contracts. Put volume is outpacing call volume by 14 to 1. Live Nation Entertainment, Inc. is a live entertainment company. The company is a producer of live music concerts worldwide. The company operates in five segments: Concerts, Ticketing, Artist Nation, eCommerce and Sponsorship