Notable Put Options Activity in Covidien

Shares of Covidien COV are higher on the session by 0.44%, currently trading at $50.12. The stock has been moving largely higher over the past week and is currently trading above the 200-day moving average. Options traders are focusing on puts today. A short while ago the August2011 $52.50 put traded 3,500 times on open interest of 3,821 contracts. Covidien Public Limited Company, formerly Covidien Ltd. is engaged in the development, manufacture and sale of healthcare products for use in clinical and home settings.