Puts Purchased on E*TRADE Financial Corporation

Shares of E*TRADE Financial Corporation ETFC are higher on the session by 0.04%, currently trading at $14.02. 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 July 2011 $15.00 put was purchased 3,700 times, on the offer, on open interest of 6,370 contracts. Overall put volume is now running at 4.51x the daily average with 79% of all puts traded being purchases on the offer. E*TRADE Financial Corporation is a financial services company, which provides online brokerage and related products and services to the individual retail investors, under the brand E*TRADE Financial.