Puts Sold on Realty Income Corp. (O)

Shares of Realty Income Corp. O are lower on the session by 2.23%, currently trading at $31.15. The stock has been moving largely higher over the past six months and is still trading above both the 50-day and 200-day moving averages. Options traders are selling puts on the name today. The August $35 put was sold 1,000 times on open interest of 57 contracts; this suggests new, bullish positioning on the name. Put volume is now running at 4.71x the daily average. Realty Income Corporation is organized to operate as an equity real estate investment trust (REIT). The company's primary business objective is to generate dependable monthly cash distributions from a consistent and predictable level of funds from operations (FFO) per share. It has in-house acquisition, leasing, legal, credit research, real estate research, portfolio management and capital markets capabilities.