Puts Purchased on R.R. Donnelley & Sons

Shares of R.R. Donnelley & Sons

are lower on the session by 2.39%, currently trading at $18.36. The stock has been moving largely lower over the past two 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 September 2011 $19.00 put traded 2,700 times on open interest of 2,679 contracts. Overall put volume is now running at 11.96x the daily average with 79% of all puts traded being purchases on the offer. R.R. Donnelley & Sons Company is a global provider of integrated communications. The company operates primarily in the commercial print portion of the printing industry, with related product and service offerings designed to offer customers complete solutions for communicating their messages to target audiences.