Notable Put Options Activity in Meritor
Shares of Meritor (NYSE: MTOR) are lower on the session by 4.43%, currently trading at $6.26. The stock has been moving largely higher over the past two months, though it is currently testing the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2012 $6.00 put, which has traded 2,000 times on open interest of 304 contracts.
Put volume is outpacing call volume by 21 to 1.
Meritor, Inc., formerly ArvinMeritor, Inc., is engaged in providing drivetrain mobility and braking solutions for original equipment manufacturers of trucks, trailers and specialty vehicles, as well as the related aftermarkets in the transportation and industrial sectors.
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