Notable Put Options Activity in Linn Energy

Shares of Linn Energy

are higher on the session by 0.39%, currently trading at $36.09. The stock has been moving largely higher over the past two months, though it 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 2012 $39.00 put, which has traded 7,400 times on open interest of 12,204 contracts. Put volume is outpacing call volume by 1.6 to 1. Linn Energy, LLC is an independent oil and natural gas company. At December 31, 2010, the company operated 7,097 or 68% of its 10,386 gross productive wells.