Notable Put Options Activity in Tenneco

Shares of Tenneco TEN are higher on the session by 10.15%, currently trading at $28.33. The stock has been moving largely lower over the past five weeks and is currently trading below the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the December 2011 $28.00 put, which has traded 2,500 times on open interest of 25 contracts. Put volume is outpacing call volume by 21 to 1. Tenneco Inc., is engaged in the business of designing, manufacturing and selling of emission control and ride control systems and products for light, commercial and specialty vehicle applications.