Puts Purchased on Harmony Gold (HMY)

Shares of Harmony Gold Mining Co. HMY are lower on the session by 0.83%, currently trading at $10.80. The stock has been moving largely higher over the past six months and is trading near its 52-week high. Options traders are buying protection on the name today. The February 2011 $9.00 put was purchased 2,300 times, on the offer, a short while ago; open interest on the strike is only 76 contracts. This signals new positioning on the name. Puts volume is now running at 10.95x the daily average. Harmony Gold Mining Company Limited is a gold producer. The company conducts underground and surface gold mining and related activities, including exploration, processing, smelting and beneficiation.