Puts Purchased on CB Richard Ellis Group (CBG)

Shares of CB Richard Ellis Group CBG are higher on the session by 4.64%, currently trading at $27.94. 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 June 2011 $25.00 put was purchased 2,000 times, on the offer, on open interest of 1,774 contracts. Overall put volume is now running at 3.20x the daily average with 100% of all puts traded being purchases on the offer. CB Richard Ellis Group, Inc. is a commercial real estate services firm with full-service operations in major metropolitan areas worldwide. The company offers a range of services to occupiers, owners, lenders and investors in office, retail, industrial, multi-family and other types of commercial real estate.