Notable Put Options Activity in Yongye International
Shares of Yongye International (NASDAQ: YONG) are lower on the session by 1.95%, currently trading at $3.52. The stock has been moving largely lower over the past eight 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 $3.00 put, which has traded 2,780 times on open interest of 5,228 contracts.
Put volume is outpacing call volume by 12 to 1.
Yongye International, Inc., through its primary operating subsidiary, Yongye Nongfeng Biotechnology Co., Ltd, is engaged in the manufacturing, research and development and sale of fulvic acid-based liquid and powder nutrient compounds for plants and animals used in the agriculture industry.
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