Notable Put Options Activity in Hercules Offshore

Shares of Hercules Offshore HERO are lower on the session by 2.87%, currently trading at $3.21. 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 January 2012 $2.50 put traded 26,000 times on open interest of 61,013 contracts. Hercules Offshore, Inc. provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry worldwide. It provides these services to national oil and gas companies, major integrated energy companies, and independent oil and natural gas operators.