Notable Put Options Activity in Equity Residential
Shares of Equity Residential (NYSE: EQR) are higher on the session by 0.73%, currently trading at $59.74. The stock has been moving largely higher over the past two weeks 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 $62.50 put, which has traded 1,500 times on open interest of 0 contracts.
Put volume is outpacing call volume by 20 to 1.
Equity Residential is a real estate investment trust. The company is focused on the acquisition, development and management of multifamily residential properties, which includes the generation of rental and other related income through the leasing of apartment units to residents, in United States.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.