Shares of Ship Finance International SFL are lower on the session by 17.52%, currently trading at $11.39. 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 $10.00 put traded 1,000 times on open interest of 0 contracts. Large lots are active in May2012 as well.
Put volume is outpacing call volume by 7 to 1.
Ship Finance International Limited is engaged in the ownership and operation of vessels and offshore related assets. It is also involved in the charter, purchase and sale of assets.
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