Notable Put Options Activity in Noble Energy

Shares of Noble Energy

are lower on the session by 1.57%, currently trading at $98.57. 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 April 2012 $97.50 put, which has traded 1,100 times on open interest of 475 contracts. Put volume is outpacing call volume by 6 to 1. Noble Energy, Inc. is an independent energy company engaged in worldwide oil and gas exploration and production.