Puts Purchased on Informatica

Shares of Informatica INFA are lower on the session by 1.97%, currently trading at $58.21. The stock has been moving largely higher over the past six months and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $60.00 put traded 1,700 times on open interest of 74 contracts. Overall put volume is now running at 3.91x the daily average with 99% of all puts traded being purchases on the offer. Informatica Corporation is the provider of enterprise data integration and data quality software and services.