Puts Purchased on Public Service Enterprise Group (PEG)

Shares of Public Service Enterprise Group Incorporated PEG are higher on the session by 0.15%, currently trading at $33.50. The stock has been moving largely higher over the past four weeks and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the September 2011 $30.00 put was purchased 2,500 times, on the offer, for $0.65 on open interest of 5,294 contracts. Overall put volume is now running at 7.07x the daily average with 97% of all puts traded being purchases on the offer. Public Service Enterprise Group Incorporated is a holding company that operates through three principal direct wholly owned subsidiaries: PSEG Power LLC, Public Service Electric and Gas Company and PSEG Energy Holdings LLC.