Notable Put Options Activity in magicJack VocalTec

Shares of magicJack VocalTec

are higher on the session by 6.01%, currently trading at $23.62. The stock has been moving largely higher over the past three 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 March 2012 $22.50 put, which has traded 1,000 times on open interest of 191 contracts. Put volume is outpacing call volume by 2 to 1. magicJack VocalTec Ltd., formerly VocalTec Communications Ltd., is a provider of carrier-class voice over Internet protocol and convergence solutions for fixed and wireless communication service providers.