Notable Put Options Activity in McKesson

Shares of McKesson MCK are lower on the session by 2.22%, currently trading at $68.70. 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 800 times on open interest of 464 contracts. The Oct2011 $55.00 put also traded 800 time son 109 contracts. Put volume is outpacing call volume by 9 to 1. McKesson Corporation provides medicines, pharmaceutical supplies, information and care management products and services across the healthcare industry.