Notable Put Options Activity in Covanta

Shares of Covanta (NYSE:

) are lower on the session by 0.70%, currently trading at $15.53. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the March 2012 $15.00 put traded 1,100 times on open interest of 167 contracts. Covanta Holding Corporation is an owner and operator of infrastructure for the conversion of waste to energy, as well as other waste disposal and renewable energy production businesses.