Notable Put Options Activity in Lowe's

Shares of Lowe's LOW are higher on the session by 1.36%, currently trading at $25.40. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the February 2012 $25.00 put, which has traded 10,109 times on open interest of 880 contracts. The majority of the action comes from a 10,018 contract block, purchased for $0.93. Put volume is outpacing call volume by 5 to 1. Lowe's Companies, Inc. is a home improvement retailer. As of January 28, 2011, the company operated 1,749 stores, consisted of 1,723 stores across 50 US states and 24 stores in Canada and two in Mexico. Its 1,749 stores represent approximately 197 million square feet of retail selling space.