Puts Purchased on ING Groep

Shares of ING Groep ING are lower on the session by 1.81%, currently trading at $11.37. The stock has been moving largely lower over the past four months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $11.00 put traded 1,100 times on open interest of 266 contracts. Overall put volume is now running at 5.02x the daily average with 98% of all puts traded being purchases on the offer. ING Groep N.V. is a global financial institution offering banking, investments, life insurance and retirement services to meet the needs of the customers.