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Shares of Northrop Grumman
NOC are higher on the session by 2.94%, currently trading at $56.78. The stock has been moving largely lower over the past three weeks, though it is currently trading above the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2012 $52.50 put, which has traded 3,500 times on open interest of 488 contracts.
Put volume is outpacing call volume by 8 to 1.
Northrop Grumman Corporation is an integrated enterprise consisting of businesses that cover the entire security spectrum, from undersea to outer space and into cyberspace.
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