Notable Put Options Activity in Virgin Media

Shares of Virgin Media VMED are lower on the session by 4.46%, currently trading at $24.20. 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 December 2011 $22 put traded 3,000 times on open interest of 7 contracts. The Dec2011 $25 put also traded 2,000 times on open interest of 2,050 contracts. Virgin Media Inc. is engaged in entertainment and communications business. The company has two segments: Consumer and Business.