Puts Purchased on T. Rowe Price Group (TROW)

Shares of T. Rowe Price Group TROW are higher on the session by 0.47%, currently trading at $62.29. The stock has been moving largely lower over the past four weeks and is currently consolidating between the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the June 2011 $60.00 put was purchased 1,800 times, on the offer, on open interest of 978 contracts. Overall put volume is now running at 6.75x the daily average with 90% of all puts traded being purchases on the offer. T. Rowe Price Group, Inc. is a financial services holding company. It provides investment advisory services to individual and institutional investors in the sponsored T. Rowe Price mutual funds and other investment portfolios.