Notable Put Options Activity in Youku

Shares of Youku

are higher on the session by 0.19%, currently trading at $21.17. The stock has been moving largely lower over the past three weeks, though it is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the March 2012 $20.00 put, which has traded 6,000 times on open interest of 2,769 contracts. Large lots are very active in Mar2012. Put volume is outpacing call volume by 6 to 1. Youku Inc, formerly Youku.com Inc., incorporated, is an Internet television company in China.