Options Brief: Massey Energy Company (MEE)

Shares of Massey Energy Company MEE are lower on the session by 1.75%, trading at $60.72. Overall put volume is now running at 3.10x the daily average, with 34% of all puts traded being purchases on the offer. 5,003 contracts have traded on the session so far. Massey Energy Company is a coal producer in the United States. The company produces, processes and sells bituminous coal of various steam and metallurgical grades, primarily of a low sulfur content, through its 25 processing and shipping centers, many of which receive coal from multiple mines.