Notable Put Options Activity on Time Warner

Shares of Time Warner

are higher on the session by 0.44%, trading at $36.12. The stock has been moving largely higher over the past three months 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 January 2012 $34.00 put, which has traded 18,500 times on open interest of 21,414 contracts. Put volume is outpacing call volume by 28 to 1. Time Warner Inc. operates as a media and entertainment company in the United States and internationally. It operates in three segments: Networks, Filmed Entertainment, and Publishing.