Notable Put Options Activity in Allied Nevada Gold

Shares of Allied Nevada Gold

are lower on the session by 0.73%, currently trading at $31.29. 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. The strike seeing the heaviest action is the December 2011 $35.00 put, which has traded 2,700 times on open interest of 3,362 contracts. Small lots are also active in Jan2012. Put volume is outpacing call volume by 32 to 1. Allied Nevada Gold Corp. is a mining and exploration company, which produces gold as a primary product and silver as a by-product. Allied Nevada owns the Hycroft Mine, Hasbrouck, Mountain View, Three Hills and Wildcat projects, the Maverick Springs project, the Pony Creek/Elliot Dome project, and the exploration rights to approximately 100 Other Exploration Properties.