Notable Put Options Activity in The New York Times

Shares of The New York Times

are lower on the session by 4.40%, currently trading at $6.96. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the September 2011 $6.00 put traded 10,000 times on open interest of 15 contracts. The New York Times Company is a diversified media company that includes newspapers, digital businesses, investments in paper mills and other investments.