Notable Put Options Activity in RPC

Shares of RPC RES are lower on the session by 7.57%, currently trading at $22.10. The stock has been moving largely lower over the past three 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 $25.00 put traded 1,500 times on open interest of 346 contracts. RPC, Inc. is a holding company. RPC provides a range of specialized oilfield services and equipment primarily to oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Rocky Mountain and northeast regions, and in selected international markets.