Puts Purchased on Bank of Ireland (IRE)

Shares of Bank of Ireland IRE are lower on the session by 2.08%, currently trading at $1.88. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the April 2011 $2.00 put was purchased 1,000 times, on the offer, on open interest of 2,852 contracts. Overall put volume is now running at 4.62x the daily average with 100% of all puts traded being purchases on the offer. Bank of Ireland and its subsidiaries provide a range of banking and other financial services. It operates in five segments: Retail Republic of Ireland, Bank of Ireland Life, UK Financial Services, Capital Markets and Group Centre.