Notable Put Options Activity in L-3 Communications

Shares of L-3 Communications LLL are lower on the session by 1.06%, currently trading at $62.69. 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 October 2011 $60.00 put traded 750 times on open interest of 696 contracts. The Oct2011 $55.00 put also traded 750 times on 732 contracts. Put volume is dominating call volume 36 to 1. L-3 Communications Holdings, Inc. is a prime contractor in Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C3ISR) systems, aircraft modernization and maintenance, and government services.