Notable Put Options Activity in Time Warner Cable

Shares of Time Warner Cable TWC are higher on the session by 2.18%, currently trading at $62.24. The stock has been moving largely lower over the past three months, though it is currently testing above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2012 $60.00 put, which has traded 1,600 times on open interest of 10,601 contracts. Put volume is outpacing call volume by 9 to 1. Time Warner Cable Inc. is a cable operator in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas.