Put/Call Ratio Grows in Vodafone (VOD)

Shares of Vodafone Group PLC VOD are higher on the session by 0.48%, currently trading $18.78. The stock has cascaded lower over the past three weeks and the stock is now well below the 50-day and 200-day moving average. I see heavy put trading in the name today with the January 2011 $22.50 put traded 7,500 times for $5.60 (open interest on the strike is 10,846 contracts) and the January 2011 $17.50 put traded 1,092 on open interest of 2,159 contracts, The put/call ration in the name is now running at 41.77x the norm. Vodafone Group Plc is engaged in providing service, such as voice, messaging, data and fixed line and others.