Puts Purchased on NIKE, Inc.

Shares of NIKE, Inc. NKE are lower on the session by 1.31%, currently trading at $80.83. The stock has been moving largely lower over the past six 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 July 2011 $82.50 put was purchased 4,000 times, on the offer, on open interest of 3,005 contracts. Overall put volume is now running at 2.24x the daily average with 92% of all puts traded being purchases on the offer. NIKE, Inc. is engaged in design, development and marketing of footwear, apparel, equipment and accessory products. It is a seller of athletic footwear and athletic apparel in the world.