Notable Put Options Activity in Sterlite Industries
Shares of Sterlite Industries (NYSE: SLT) are lower on the session by 6.15%, currently trading at $9.92. 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 June 2012 $7.50 put, which has traded 500 times on open interest of 2,703 contracts.
Put volume is outpacing call volume by 26 to 1.
Sterlite Industries Limited is a metals and mining company. The company operates in three segments: Copper, Phosphoric Acid and other business segment.
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