Puts Purchased on ING Groep

Shares of ING Groep ING are lower on the session by 8.76%, currently trading at $8.23. 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 2011 September 2011 $6.00 put traded 502 times on open interest of 0 contracts. Overall put volume is now running at 3.49x the daily average with 92% 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.