Options Brief: POSCO (PKX)

Shares of POSCO PKX are lower on the session by 0.63%, trading at $102.20. Overall put volume is now running at 14.12x the daily average, with 24% of all puts traded being purchases on the offer. 2,993 contracts have traded on the session so far. POSCO is an integrated steel producer in Korea. It produced approximately 31.7 million tons of crude steel during the year ended December 31, 2009, a substantial portion of which was produced at Pohang Works and Gwangyang Works.