Notable Put Options Activity in Allstate

Shares of Allstate ALL are higher on the session by 1.23%, currently trading at $32.91. 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 April 2012 $30.00 put, which has traded 4,500 times on open interest of 3,271 contracts. Put volume is outpacing call volume by 32 to 1. The Allstate Corporation is a holding company for Allstate Insurance Company. The company's business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and their affiliates.