Notable Put Options Activity in Overseas Shipholding Group

Shares of Overseas Shipholding Group

are higher on the session by 2.07%, currently trading at $11.35. 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 January 2013 $15.00 put, which has traded 3,000 times on open interest of 3,015 contracts. The Jan2013 $5.00 put also traded 3,000 times on 0 contracts. Put volume is outpacing call volume by 3 to 1. Overseas Shipholding Group, Inc. is a tanker company engaged primarily in the ocean transportation of crude oil and petroleum products.