Puts Purchased on VimpelCom Ltd.

Shares of VimpelCom Ltd. VIP are lower on the session by 1.14%, currently trading at $13.90. The stock has been moving largely lower over the past five 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 $12.50 put was purchased 1,500 times, on the offer, on open interest of 12,684 contracts. Overall put volume is now running at 5.88x the daily average with 89% of all puts traded being purchases on the offer. VimpelCom Ltd. is a group of integrated telecommunications services operators. The company offers a range of wireless, fixed, and broadband services in Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Vietnam, Cambodia, Laos, Algeria, Bangladesh, Pakistan, Burundi, Zimbabwe, Namibia, Central African Republic, Italy and has an indirect equity shareholding in Globalive Wireless Canada.