Notable Put Options Activity in Legg Mason

Shares of Legg Mason LM are higher on the session by 1.76%, currently trading at $25.95. 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 focusing on puts today. A short while ago the October 2011 $24.00 put traded 1,000 times on open interest of 0 contracts. Legg Mason, Inc. is a holding company. Acting through its subsidiaries, the company provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles.