Notable Put Options Activity in L & L Energy
Shares of L & L Energy NASDAQ: LLEN) are higher on the session by 6.45%, currently trading at $2.64. 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 December 2011 $4.00 put traded 1,300 times on open interest of 2,256 contracts. The Mar2012 $1.00 put also traded 1,000 times on 1,387 contracts.
Put volume is outpacing call volume by 6 to 1.
L & L Energy, Inc. produces, processes and sells coal in the People's Republic of China. As of April 30, 2011, the company's vertically integrated coal operations include four coalmines, three coal washing plans, one coking facility, and a coal wholesale and distribution network in the southwest region of China.
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