Notable Put Options Activity in St. Jude Medical

Shares of St. Jude Medical STJ are higher on the session by 2.94%, currently trading at $42.35. 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 $40.00 put traded 4,000 times on open interest of 291 contracts. St. Jude Medical, Inc. develops, manufactures and distributes cardiovascular medical devices for the global cardiac rhythm management, cardiology and cardiac surgery and atrial fibrillation therapy areas and neurostimulation medical devices for the management of chronic pain.