Puts Purchased on Investment Technology Group (ITG)

Shares of Investment Technology Group ITG are lower on the session by 0.38%, currently trading at $18.32. The stock has been moving largely higher over the past four 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 May 2011 $20.00 put was purchased 1,527 times, on the offer, for $2.00 on open interest of 0 contracts. Overall put volume is now running at 66.39x the daily average with 79% of all puts traded being purchases on the offer. Investment Technology Group, Inc. is an independent agency brokerage and financial technology firm, which partners with asset managers to deliver institutional global liquidity and help improve performance throughout the investment process.