Notable Put Options Activity in Murphy Oil
Shares of Murphy Oil (NYSE: MUR) are lower on the session by 2.01%, currently trading at $59.75. The stock has been moving largely higher over the past two 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 February 2012 $60 put, which has traded 2,450 times on open interest of 163 contracts.
Put volume is outpacing call volume by 33 to 1.
Murphy Oil Corporation is an oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom. The company operates primarily as a holding company.
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