Puts Purchased on Mobil'nye TeleSistemy OAO

Shares of Mobil'nye TeleSistemy OAO MBT are higher on the session by 1.62%, currently trading at $20.00. The stock has been moving largely lower over the past four months and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short while ago the September 2011 $20.00 put was purchased 1,000 times, on the offer, on open interest of 0 contracts. Overall put volume is now running at 7.39x the daily average with 100% of all puts traded being purchases on the offer. Mobil'nye TeleSistemy OAO is a Russia-based telecommunications provider. The company focuses on the provision of a range of mobile and fixed line voice and data telecommunications services, including transmission, broadband, pay-television and various value-added services, as well as the distribution equipment and accessories.