Puts Purchased on Mobile TeleSystems (MBT)

Shares of Mobile TeleSystems MBT are higher on the session by 1.90%, currently trading at $20.11. The stock has been moving largely lower over the past six months and is currently trading below the 200-day moving average.

Options traders are buying puts on the name today. A short while ago the March 2011 $20.00 put was purchased 1,800 times, on the offer, on open interest of 3,479 contracts.

Overall put volume is now running at 4.99x the daily average with 87% of all puts traded being purchases on the offer.

Mobile TeleSystems OJSC is a telecommunications provider in Russia and the Commonwealth of Independent States, providing a range of mobile and fixed line voice and data telecommunications services, including transmission, broadband, pay-television and various value-added services, as well as selling equipment and accessories.