Puts Bought on Assurant, Inc. (AIZ)

Shares of Assurant, Inc. AIZ are lower on the session by 2.33%, currently trading at $38.14. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average.

Options traders are buying puts on the name today. A short while ago the April 2011 $37.50 put was purchased 1,000 times, on the offer, for $0.75 on open interest of 15 contracts.

Overall put volume is now running at 82.94x the daily average with 77% of all puts traded being purchases on the offer.

Assurant, Inc. is a provider of specialized insurance products and related services in North America and selected international markets. The company operates in five segments: Assurant Solutions, Assurant Specialty Property, Assurant Health, Assurant Employee Benefits, and Corporate and Other.