Notable Put Options Activity in Sterlite Industries

Shares of Sterlite Industries (NYSE: SLT) are higher on the session by 1.69%, currently trading at $12.03. The stock has been moving largely lower over the past three months and is currently above below the 50-day moving average.

Options traders are focusing on puts today. A short while ago the December 2011 $10.00 put traded 1,000 times on open interest of 345 contracts.

Sterlite Industries Limited is a metals and mining company. The company operates in three segments: Copper, Phosphoric Acid and other business segment. Copper consists of manufacturing of copper cathode, continuous cast copper rod, anode slime and dore.