Puts Purchased on UBS AG (UBS)

Shares of UBS AG UBS are higher on the session by 1.70%, currently trading at $16.79. The stock has been moving largely higher over the past month, off from a recent low near $12.25. Options traders are buying protection on the name today. The August $18.00 put was purchased 3,000 times, on the offer, a short while ago; there was no open interest on that strike. Put volume is currently running at 5.36x the daily average. UBS AG is a client-focused financial services company that offers a combination of wealth management, asset management and investment banking services on a global and regional basis. UBS AG is the parent company of the UBS Group.