Puts Purchased on Vornado Realty Trust (VNO)

Shares of Vornado Realty Trust VNO are lower on the session by 0.36%, currently trading at $83.25. The stock has been moving largely higher over the past six months, but recently encountered selling pressure and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the November $85.00 put was purchased 1,000 times, on the offer, on open interest of 1,241 contracts. Overall put volume is now running at 2.01x the daily average with 85% of all puts traded being purchases on the offer. Vornado Realty Trust is an integrated real estate investment trust (REIT). The company conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P., a limited partnership. Vornado is the sole general partner of, and owned approximately 92.5% of the common limited partnership interest in, the Operating Partnership at December 31, 2009.