Shares of Jaguar Mining Inc. (NYSE:

) are lower on the session by 0.99%, trading at $4.98. Overall put volume is now running at 5.17x the daily average, with 64% of all puts traded being purchases on the offer. 1,588 contracts have traded on the session so far. Jaguar Mining Inc. engaged in the acquisition, exploration, development and operation of gold producing properties at its 93,000-acre land base in the Iron Quadrangle region of Brazil, a greenstone belt located near the city of Belo Horizonte in the state of Minas Gerais.