Puts Purchased on Vodafone Group Plc (VOD)

Shares of Vodafone Group Plc VOD are lower on the session by 0.61%, currently trading at $27.76. The stock has been moving largely sideways over the past six months and is currently trading above the 200-day moving average. Options traders are buying puts on the name today. A short while ago the May 2011 $27.00 put was purchased 4,000 times, on the offer, on open interest of 10,592 contracts. Overall put volume is now running at 3.45x the daily average with 82% of all puts traded being purchases on the offer. Vodafone Group Plc is a mobile communications company operating across the globe providing a range of communications services. It offers a range of products and services, including voice, messaging, data and fixed-line solutions and devices to assist customers in meeting their total communications needs.