Puts Purchased on Helix Energy Solutions Group (HLX)

Shares of Helix Energy Solutions Group, Inc. HLX are lower on the session by 1.21%, currently trading at $13.04. The stock has been moving largely higher over the past two months after bouncing off of the $8.50 level. Shares are now trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the December $12.50 put was purchased 1,000 times, on the offer, on open interest of 3,215 contracts. Overall put volume is now running at 12.78x the daily average with 80% of all puts traded being purchases on the offer. Helix Energy Solutions Group, Inc. is an international offshore energy company providing reservoir development solutions and other contracting services to the energy market, as well as to its own oil and gas properties. The company's Contracting Services segment utilizes its vessels, offshore equipment and methodologies to deliver services that may reduce finding and development costs and encompass the complete lifecycle of an offshore oil and gas field.