Notable Put Options Activity in Avalon Rare Metals

Shares of Avalon Rare Metals (AMEX:

) are higher on the session by 1.33%, currently trading at $3.04. The stock has been moving largely higher over the past three 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 October 2012 $3.00 put, which has traded 1,100 times on open interest of 237 contracts. Put volume is outpacing call volume by 4 to 1. Avalon Rare Metals Inc. is a Canada-based mineral exploration and development company. The company's primary focus is on rare metals and minerals, including tin, lithium, tantalum, niobium, cesium, indium, gallium, zirconium and calcium feldspar.