Bears Tuning Into DIRECTV (DTV)

Shares of DIRECTV DTV are lower on the session by 1.48%, currently trading at $45.29. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the April 2011 $44.00 put was purchased 7,400 times, on the offer, on open interest of 378 contracts. This signals new positioning on the name. Overall put volume is now running at 2.22x the daily average with 69% of all puts traded being purchases on the offer. DIRECTV, incorporated in 2009, is a provider of digital television entertainment in the United States and Latin America. The company operates two direct-to-home operating segments: DIRECTV U.S. and DIRECTV Latin America.