Puts Purchased on National Bank of Greece S.A. (NBG)

Shares of National Bank of Greece S.A. NBG are lower on the session by 0.52%, currently trading at $1.90. 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 $2.00 put was purchased 1,100 times, on the offer, on open interest of 3,988 contracts.

Overall put volume is now running at 2.90x the daily average with 84% of all puts traded being purchases on the offer.

National Bank of Greece S.A. is a Greece-based financial institution. It offers a range of integrated financial services, including corporate and investment banking, retail banking (including mortgage lending), leasing, stock brokerage, asset management and venture capital, insurance, real estate and consulting services.