Notable Put Options Activity in Fushi Copperweld

Shares of Fushi Copperweld

are lower on the session by 3.38%, currently trading at $7.44. 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 April 2012 $5.00 put, which has traded 750 times on open interest of 131 contracts. The Jun2012 $7.50 put also traded 706 times on 11,065 contracts. Put volume is outpacing call volume by 6 to 1. Fushi Copperweld, Inc. is a producer of bimetallic wire products, principally copper-clad aluminum and copper-clad steel products.