Notable Put Options Activity in Western Digital

Shares of Western Digital WDC are higher on the session by 4.41%, currently trading at $31.99. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the February 2012 $28.00 put, which has traded 6,000 times on open interest of 0 contracts. Put volume is outpacing call volume by 10 to 1. Western Digital Corporation designs, develops, manufactures and sells hard drives. It sells its products worldwide to original equipment manufacturers and original design manufacturers for use in computer systems, subsystems or consumer electronics devices, and to distributors, resellers and retailers.