Notable Put Options Activity in Apollo Investment

Shares of Apollo Investment

are higher on the session by 1.13%, currently trading at $7.17. The stock has been moving largely lower over the past three weeks 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 September 2012 $7.00 put, which has traded 680 times on open interest of 2,172 contracts. Small lots are also active on the name. Put volume is outpacing call volume by 4 to 1. Apollo Investment Corporation is a closed-end, non-diversified management investment company that has elected to be treated as a business development company.