Puts Purchased on Helix Energy Solutions Group

Shares of Helix Energy Solutions Group HLX are lower on the session by 5.00%, currently trading at $2.09. The stock has been moving largely higher over the past three 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 January 2013 $7.50 put traded 9,000 times on open interest of 1,000 contracts. Overall put volume is now running at 19.11x the daily average with 100% of all puts traded being purchases on the offer. Helix Energy Solutions Group, Inc. is an international offshore energy company that provides reservoir development solutions and other contracting services to the energy market, as well as to its own oil and gas properties.