Notable Put Options Activity in ADTRAN
Shares of ADTRAN (NASDAQ: ADTN) are lower on the session by 4.99%, currently trading at $33.49. The stock has been moving largely lower over the past two 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 March 2012 $34.00 put, which has traded 1,200 times on open interest of 10 contracts. The Mar2012 $33.00 also traded 1,000 times on 0 contracts.
Put volume is outpacing call volume by 3 to 1.
ADTRAN, Inc. designs, manufactures, markets and services network access solutions for communications networks. The company major product categories are Carrier Systems, Business Networking and Loop Access.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.