Notable Put Options Activity in BPZ Resources

Shares of BPZ Resources

are higher on the session by 1.97%, currently trading at $3.10. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the September 2011 $9.00 put traded 780 times on open interest of 816 contracts. Put volume has become escalated the past two days. BPZ Resources, Inc. is an independent oil and gas company focused on the exploration, development and production of oil and natural gas in Peru and Ecuador. BPZ maintains a subsidiary, BPZ Exploracion & Produccion S.R.L. through its wholly owned subsidiary BPZ Energy International Holdings, L.P., and its subsidiary BPZ Energy, LLC.