Notable Put Options Activity in Forest Laboratories
Shares of Forest Laboratories (NYSE: FRX) are lower on the session by 1.19%, currently trading at $30.28. The stock has been moving largely higher over the past three 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 January 2012 $30.00 put, which has traded 3,150 times on open interest of 8,813 contracts.
Put volume is outpacing call volume by 37 to 1.
Forest Laboratories, Inc. develops, manufactures and sells branded forms of ethical drug products, most of which requires a physician's prescription.
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