Puts Purchased on Regions Financial Corporation

Shares of Regions Financial Corporation RF are lower on the session by 0.07%, currently trading at $6.82. The stock has been moving largely lower over the past three 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 June 2011 $7.00 put was purchased 2,800 times, on the offer, on open interest of 3,386 contracts. Overall put volume is now running at 2.16x the daily average with 100% of all puts traded being purchases on the offer. Regions Financial Corporation is a financial holding company. The company operates throughout the South, Midwest and Texas. Regions provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other specialty financing.