Puts Purchased on National Bank of Greece

Shares of National Bank of Greece NBG are higher on the session by 5.73%, currently trading at $1.174. The stock has been moving largely lower over the past three 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 $1.50 put traded 980 times on open interest of 7,694 contracts. Overall put volume is now running at 2.61x the daily average with 97% of all puts traded being purchases on the offer. National Bank of Greece SA is a Greece-based financial institution. It offers a range of integrated financial services, including corporate and investment banking, retail banking (including mortgage lending), leasing, stock brokerage, asset management and venture capital, insurance, real estate and consulting services.