Notable Put Options Activity in Tanzanian Royalty Exploration

Shares of Tanzanian Royalty Exploration TRX are lower on the session by 29.82%, currently trading at $2.40. 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 November 2011 $2.00 put traded 14,800 times on open interest of 500 contracts. Puts are highly active in Nov2011 and Jan2012. Put volume is outpacing call volume by 5 to 1. Tanzanian Royalty Exploration Corporation is a mineral resource company with exploration stage properties. The company's general area of interest has been in the exploration of gold properties, with a focus on exploring for gold properties in Tanzania.