Puts Purchased on Perfect World Co. (PWRD)

Shares of Perfect World Co. Ltd. PWRD are lower on the session by 4.61%, currently trading at $25.73. The stock has been moving largely lower over the past six months and is trading below the 200-day moving average. Options traders are buying puts on the name today. The August $25.00 put was purchased 1,000 times, on the offer, earlier in the session; open interest on the strike is 1,463 contracts. Put volume is now running at 3.96x the daily average. Perfect World Co., Ltd. is an online game developer and operator in People's Republic of China. The company develops online games based on its game engines and game development platforms. Its technology capabilities consist of its game engines, game development platforms and real-time anti-cheating expertise, all developed and built by its development team.