Notable Put Options Activity in Viacom

Shares of Viacom VIA are higher on the session by 4.00%, currently trading at $15.80. The stock has been moving largely lower over the past three months, though it is currently testing the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the December 2011 $45.00 put, which has traded 11,200 times on open interest of 10,366 contracts. Put volume is outpacing call volume by 187 to 1. Viacom Inc. is an entertainment content company. The company engages audiences on television, motion picture, Internet and mobile platforms through many of the world's entertainment brands.