Notable Put Options Activity in Giant Interactive Group

Shares of Giant Interactive Group (NYSE: GA) are lower on the session by 6.59%, currently trading at $7.94. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average.

Options traders are focusing on puts today. A short while ago the September 2011 $7.50 put traded 3,900 times on open interest of 1,982 contracts.

Put volume is outpacing call volume 24 to 1.

Giant Interactive Group Inc. is an online game developer and operator in China. The company focuses on massively multiplayer online games that are played through networked game servers, in which a number of players are able to simultaneously connect and interact.