Puts Purchased on NRG Energy (NRG)

Shares of NRG Energy NRG are lower on the session by 0.60%, currently trading at $19.87. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the January 2013 $12.50 put was purchased 2,000 times, on the offer, for $0.35 on open interest of 1,010 contracts. This signals new positioning on the name. Overall put volume is now running at 4.13x the daily average with 88% of all puts traded being purchases on the offer. NRG Energy, Inc. is a wholesale power generation company. It is engaged in the ownership, development, construction and operation of power generation facilities, the transacting in and trading of fuel and transportation services, the trading of energy, capacity and related products in the United States and select international markets, and the supply of electricity and energy services to retail electricity customers in the Texas market.